Establishment of Mashhad Auto Parts Manufacturing site with an aim to manufacture plastic/rubber parts.
Establishment of Iran Hydraulic Industries with an aim of hydraulic vane pumps manufacturing.
Full utilization of production equipment in Iran Hydraulic Industries (IHI) for VICKERS vane pumps mass production in all sizes.
Production of the first hydraulic power steering pump for cars in Iran, with reliance on technical knowledge and expertise of Iran Hydraulic Industries.
contract and transfer of technical knowledge agreement with Youngshin Precision in South Korea to produce hydraulic pumps for cars and heavy vehicles.
License contract and transfer of technical knowledge agreement with HANIL Precision in South Korea to produce gas springs for the first time in Iran.
New assembly, production and test machinery installation for hydraulic power steering pumps; increasing production capacity up to 800,000 units per year.
Establishment of Toos Pump and Steering Co. (TPS), with an aim to raise in both production variety growth as well as domestic production rate.
Change of the Iranian Hydraulic Industries (IHI) name to Pirouz Auto Parts Development Group (PAG) due to a fundamental organizational change.
License contract and transfer of knowledge agreement with Mando Corporation in South Korea, to produce hydraulic steering gear systems.
Establishment of GBB Industries in Turkey, to develop export activities.
Piston Pumps manufacturing initiation.
Contract with Wanda Company, manufacturing of steering columns for cars.
Contract with Yubei Company, manufacturing of power steering gear systems for cars.
Contract with MAMMUT-SCANIA, manufacturing of 12 ton lifter jacks.