SKF

Engineering
STO: SKFB
Sweden
SKF

"The company was reported as potentially providing bearing and lubrication products in Iran. In 2018 CalPERS designated the company as under review. In 2019 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS has maintained the company in “monitor” status for 2020. CalPERS continues to monitor the company for possible changes in status relevant to the Act."

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In 2017, CalSTRS designated SKF AB as “Under Review” for reportedly providing bearing and lubrication products to Iran CalSTRS maintained the “Under Review” designation in 2018.

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Lists SKF Eurotrade AB - Iran on its company website as its location in Iran.

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“'Iran is a country with both car and oil industries, and a lot of other industrial sectors as well,' said Alrik Danielson, head of SKF, the ball bearings giant. 'If all sanctions and obstacles to business disappear, it will naturally be a positive development for us.'" (The Local, "Swedish CEOs see big Potential in Iran," 7/19/15)