1973:  

•Factory built through joint investment and technical knowledge of Mahle in Tabriz, Iran

1974: 
• IPMCo launched as the first piston manufacturer in Iran

1979: 
• Supplied Iran Khodro and produced Peykan pistons  
• Supplied Idem and manufactured diesel piston for Benz engines

1981:
• Completed unfinished projects and achieved nominal production capacity

1993:
• Privatization and formation of company’s production and business development projects

1996:
• R&D Department established
• Production capacity increased to 800 thousand gasoline pistons and 200 thousand diesel pistons 
• Diversity of product increased from 5 to 10 types

1998:
• Tool making workshop expanded and mould making technology achieved

1999: 
• production capacity increased to 2 million units annually
• Kia Pride piston produced and Mega Motor Company supplied (SAIPA)

2002:
• Piston Pin manufacturing factory (diesel & petrol) launched with an annual capacity of 5 million units

2003:
• 3 new CNC automated production lines from Germany installed and production capacity increased to 5 million units annually.

2004:
• Automatic systems for final control utilized

2006:
• Coating machinery using Silkscreen method and Ultrasonic machineries launched
• Lighter and state-of-the-art design pin and piston for more engine power and acceleration manufactured
• Lighter Peykan piston with new design (without struts) produced deceasing fuel consumption by 20%
• Super alloy with Titanium, Zirconium, Vanadium to decrease abrasion and increase piston life span used

2007:
• Variety of gas, gasoline, and diesel pistons with Euro 2 standards manufactured
• 150 mm diameter piston for all kinds of locomotive and ship diesel engines produced

2008:
• The modification of production technology for diesel type piston pin with gold extrude method .
• Activation of connecting rod and piston assembly for gasoline type automobile.
• Installation and activation of new lines in order to produce advanced pistons such as Peugeot 206.

2009:
• Completion of national engine project and taking action to design and fabricate piston for similar engine with gas oil fuel.
• Participation in MEGA MOTOR(S81) national project in field of designing and fabricating pistons, piston pins and ring of this engine.
• Participation of pistons: Volvo N12, f12-Howo.
• Receiving letter of commendation and statue of distinguished protector of the environment in east Azerbaijan.

2014:
• Addition of grinding line to the piston pin unit and increase of production capacity to 7.5 million piston pin per year.
• Purchase, installation and activation of two gasoline pistons production line, one new diesel line and set target for archiving production of ten million pistons per year.
• Fabrication and activation of eight (8) new casting units for provision of raw piston production lines.
• Production of eight (8) new piston type toward completing company’s basket of products.

2016-2017:
•Installing pre melting furnace in casting workshop with capacity of 10 ton per a shift
•Purchasing and operating PARTFOMER machine in piston pin work shop that increase the capacity of net piston pin production to over than 10 million.
•Activation of con rod producing line that can produce different con rods like XU7-TU5-EF7-OHV-PK2-TU3 …
•Installing and activation of XU7 tappet producing line with capacity of 1000000