In 1993 concurrent with establishment of Fakoor Company, activities in the fields of design and production of magnetic systems was commenced in wide and varied range in order to fulfill demands of metallurgy and mining industries.
In 2002, Fitco Company was founded and activities pertaining to marketing, sale and after sale services of magnetic systems were assigned to it by Fakoor Co. with concurrence of which export of magnetic systems to the international markets was embarked. In 2005, Fitco was developed with mission of supplying machinery, equipment and parts for group and industrial projects all over the country and obtaining agency from credible international manufacturers was included among the company objectives.