ITMCo, Iran Tractor Manufacturing Company, is the largest tractor manufacturer in the Middle East. Based in Tabriz, Iran, the company was founded in 1966 to manufacture tractors under through cooperation, and under license, from Universal UTB from Romania, which itself was based on Fiat technology. After a few years with Universal, in 1976 ITMCo signed an agreement with Massey Ferguson to license and produce tractors using Massey's technology. ITMCo produces about 30,000 tractors a year, and exports CKD (complete knocked-down) units for assembly in other plants throughout the world.