Azmouneh Foulad Company, in pursuance of privatization policy, was separated from Esfahan steel Company in year 1992 and by deploying all the experts and equipment of E.S.Co.’s laboratory plant of the construction section, proceeded with its activities in the field of Strength of Materials Laboratory and Inspection works. By merging with E.S.Co’s department of Geological Researches, the company expanded its activities also in the field of Geotechnics, then in year 1994 the company succeeded to obtain the highest rank in the field of Geotechnics and Testing of Materials as well as in the field of Technical inspection, from Iranian Management and Planning Organization. The company’s activities which were formerly concentrated mostly in Esfahan steel Company, expanded towards new specialties other than those of steel industry, by modifying and innovating of former equipment and purchasing of modern machinery. To this end, unceasing efforts were made so that while maintaining the existing work market, the company could extend his activities also in arena of new works and succeeded to raise volume of the works being transferred from outside Esfahan Steel Plant, from 2% to over 85% of the total works so that the company, for the time being, is involved in geotechnical studies of six big projects of dam building and water distribution in our country.