UANI

According to its website, "Emerson (NYSE: EMR) is a diversified global manufacturing and technology company. We offer a wide range of products and services in the areas of process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation. Recognized widely for our engineering capabilities and management excellence, Emerson has approximately 129,000 employees and 250 manufacturing locations worldwide" (Company website).

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The Iranian company Techno Service Commercial Co. features the logos of Emerson Climate Technologies, as well as Alco Controls and Copeland Scroll (both brands of Emerson), on its webpage. (Iranian distributor website)

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"The Emerson Climate Technologies logo is a trademark and service mark of Emerson Electric Co. Emerson Climate Technologies Inc. is a subsidiary of Emerson."

"Emerson Climate Technologies is the leading compressor manufacturer in Europe for residential and commercial applications" (Emerson Climate Technologies Company Profile).

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Emerson Climate Technologies lists a contact for Iran on its website. (Emerson Subsidiary website)
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Emerson Industrial Automation, another subsidiary of Emerson Electric, provides contact information for Iran on its website. (Emerson Subsidiary website)

"With approximately 150 overseas bases in 74 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, information and communications technology, aerospace, electronics, energy, metals, minerals, chemicals, forest products, general merchandise, food, finance, realty, insurance, and logistics services, as well as business investment in Japan and overseas" (Company Website).

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According to Reuters, "On March 1, 2010, the Company acquired ITOCHU Oil Exploration Co., Ltd” (Reuters Company Profile).

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"ITOCHU Oil Exploration Co., Ltd., also known as CIECO, is an upstream E & P company headquartered in Tokyo, Japan. CIECO is known for its technological expertise in all aspects of oil and natural gas exploration, development, and production. As an operating subsidiary company for the ITOCHU Corporation (ITC), CIECO, with its know-how in reservoir management and exploitation, risk management and finance structuring related to the hydrocarbon industry, plays a central role in every aspect of the upstream hydrocarbon businesses of the ITOCHU Group. CIECO's E & P business spans nearly 10 countries globally, allowing for the maximization of ITC's worldwide network" (Itochu Oil Website).

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Itochu has a branch in Tehran, ITOCHU IRAN Ltd. (Company Website)

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Itochu Iran lists describes itself as “a subsidary of a Japanese Trading company. Our main function is marketing and sales of various products in our local market and wordwide. We provide all required information for buyers and suppliers in order to finalize a business” (Itochu Iran Profile).

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As of April 2010, Itochu imports five thousand barrels of crude oil per day from Iran. ("Iran’s Crude Oil Buyers in Europe, Asia," Reuters, April 18 2010)

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In a 2005 news release, Itochu announced a major project with Iran to develop Iranian natural gas: "ITOCHU Corporation is at the last adjustment stage with the parties concerned of the high-density polyethylene Project with plant capacity 300,000t/a in Islamic Republic of Iran. The total investment amounts up to 25 billion yen."

"This Project is an epoch-making one in which Thai, Iranian, and Japanese companies jointly establish a joint venture company in Iran. ITOCHU contributes about 12% equity for the joint venture company through another investment company established with Thai partners. This is a long time since the last formal investment has been made in Iran by a Japanese company. Moreover, ITOCHU will also undertake a role as a Project developer with the role including, but not limited to, coordinating contractual negotiation, and arranging finance for the Project, with the close cooperation with the remaining parties."

"It is the greatest merit of this Project to realize stable supply of the inexpensive ethylene utilizing abundant Iranian natural gas for a long period of time" (“Iran/Assaluyeh high-density polyethylene (HDPE) Project,” Itochu News Release, July 2, 2005).

Seiko Group includes Seiko Holdings Corporation, Seiko Epson and Seiko Instruments, all of which do business in Iran. Seiko Holdings Corporation primarily produces watches, and has a variety of divisions that deal with electronics, including Seiko NPC Corporation, which manufactures semiconductors (Company Website).

Seiko Instruments also produces semiconductor products, along with other electronic components, precision parts and technology (Company Website).

Seiko Epson manufactures computers and peripherals, and other information and imaging equipment. (Company Website).

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Seiko has a service center in Tehran. Company Website

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According to Business Monitor International, “Iran has long had more significant manufacturing capacity in computer peripherals, particularly printers and monitors… The first printers, from Olivetti and Epson, were assembled in Iran in 1994” ("Iran Q2 2010 (Market Overview Article)." Business Monitor International. 02 Mar 2010).

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Maadiran Group features Epson printers on its homepage. Maadiran Group Website

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Business Monitor International recognizes Maadiran Group as "one of Iran's largest consumer electronics and IT firms."

"In 2007, Maadiran Group began mass production of five models of LG phones, adding to existing contracts for the assembly of LG monitors, Epson dot matrix printers and Olivetti bank slip printer. LG is an important brand for Maadiran. In 2008, the company was targeting the production of 850,000 LG-branded LCD and CRT monitors, and planned to increase its volume to 940,000 in 2009. Maadiran is also licensed to produce around 14,000 dot matrix printers for Epson annually."

"Maadiran is an exclusive distributor for Sharp, LG, Olivetti, Epson and a number of other brands" ("Company Profile - Maadiran Group - Q2 2010 Iran." Business Monitor International. 02 Mar 2010).

Interpublic Group of Companies is an advertising holding company with hundreds of subsidiaries, 40,000 employees, and $6 billion in revenue for 2009 (Company Website). 

Eshareh, an Iranian advertising firm, notes on its website that it is "in partnership with the Interpublic Group (IPG), operating dedicated advertising, media, Public Relations, CRM and below-the-line units" (Eshareh Website). Eshareh has an annual sales volume of $26 million (Business Monitor International, subscription required).

Interpublic Group's corporate values include "integrity and transparency," and its website claims that "we strive to maintain the highest levels of ethics, fairness and openness in all of our actions" (Company Website). 

Amona is currently working on a project involving the rehabilitation of the Resalat oil field in Iran's Lavan area. Amona will drill 30 wells and build a processing plant, to increase output to 47,000 bbl/d. The project is scheduled for completion in September 2011 and is valued at $1.53 billion (GAO Report 2010 - Firms Reported in Open Sources as Having Commercial Activity in Iran’s Oil, Gas, and Petrochemical Sectors).

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On their company website, the Amona Group lists a current project they are undertaking in contruction and planning of an apartment complex in Iran. "The Amona Group has also ventured oversea and has secured major residential housing projects with the Governments of Libya and Iran. (The total Gross Development Value of the company’s projects in hand are estimated at RM10 billion)" (Company Website)

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"Amona Group of companies, a Malaysian company, will today sign two preliminary agreements to build two townships in Iran, he said, as builders look to Iran for construction and development businesses" (Bloomberg, "Iran President meets Malaysian Leader to boost ties," 3/1/2006)

"Toyota Motor Corp (7203.T) said on Wednesday it had suspended auto exports to Iran indefinitely since June, amid growing international scrutiny of companies dealing with the country." (Reuters, "Toyota says halted exports to Iran since June," 8/11/2010)

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"JAPAN - In 2009, Iran exported about 421,000 bpd of crude to Japan. It was overtaken by Qatar, however, as Japan's third-largest crude supplier.  Many of Japan's top refiners buy Iranian crude, including Showa Shell Sekiyu (5002.T), Nippon Oil (5001.T), Japan Energy, Cosmo Oil (5007.T). Trading house Toyota Tsusho (8105.T) also has a deal to buy crude from the Islamic republic." (Reuters, "Iran's crude export and fuel import customers," 4/13/2010)

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"Sales of Toyota vehicles in Iran are handled by an independent Iranian company, and over the last five years, Toyota’s sales there represented less than a 1 percent share of the Iranian market, said a company spokesperson, Mira Sleilati." Toyota was the recipient of $154.4 million in US funds and revenues to conduct business in Iran.  Their business activities in Iran are active.  (The New York Times, "Profiting from Iran, and the U.S.", 3/6/2010)

"Unilever, which manufactures products like Dove soap, has been in the Iranian market since at least 2003, operating factories there and maintaining an office in Tehran, according to news reports and the company's Web site. It also sells its products to the American military."

From 2000-2009, the company was the recipient of $842.1 million US federal funds.  Their business in Iran is currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN. (Thai Press Reports, IRAN/GERMANY IRANIAN-GERMAN TRADE UP 78%, December 8, 2008)

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Unilevers Turkish holdings, valued at YTL 100 million, are indicators of its faith in the Turkish economy, said local company spokesman Ebru Senel Erim. The Istanbul offices vast market ranges from Iran, Kazakhstan, Uzbekistan, Turkmenistan, Armenia, Georgia, Tajikistan and Azerbaijan in the East to Macedonia, Albania, Moldova, Romania, Kosovo and Bosnia in the West. (Turkish Daily News, ISTANBUL BECOMES MANAGEMENT HUB, December 17, 2007)

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Listed by U.S. Government as doing business in Iran. (U.S. Securities and Exchange Commission, List of Companies Doing Business With State Sponsors Of Terror, Removed from the internet in July of 2007)

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GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco. (The London Times, American pressure threatens UK firms, Christine Seib, May 27, 2006)

Company website lists branch in Tehran, Iran as part of global network. (Company Website)

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"SK Networks has been in Iran since 1984, supplying chemical products as well as steel to Iran Khodro Co. and Saipa Corp., two of the largest automakers in the Middle East, according to the company's Web site.  SK Networks official Park Woo Sung said that the company's Iran business is currently more focused on selling steel to wholesalers than on the auto industry."

From 2000-2009, the company was a recipient of $36.6 million US federal funds.  Their business investments in Iran are currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

"Samsung, an electronics giant, markets its products in Iran, according to its website."  From 2000-2009, the company received $476.4 million US federal funds.  Their activities in Iran are currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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"Nestle has been the target of protests by Islamists since the Gaza onslaught began, some Iranian websites said. It is among a small number of foreign companies which have factories in Iran, which notably also includes French automaker Renault. Others, such as South Korean group Samsung, market their products in the Islamic republic. Some, particularly in the oil and gas sector, have operated in the country for some time, such as Frances Total and Anglo-Dutch Shell." (Agence France Presse, "Iran to punish firms trading with Israel," 1/12/09)

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"GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco." (The London Times, "American pressure threatens UK firms," 5/27/06)

The Mitsui & Co., Ltd. company website lists offices in Tehran, Iran.

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"Mitsui's business in Iran goes back to the 1970s, according to a company history, and its Web site lists a current office in Iran. Mitsui & Co., Ltd. has arranged financing provided by export credit agencies for the principals of industrial projects in Iran that have been planned, owned and operated by companies in which the government has a direct or indirect equity share, according to company spokesman Shinji Takeuchi. He said that Mitsui & Co. is also involved in supporting the purchase of crude oil, oil products and petrochemical products from Iran for sale in Japan and other Asian countries. Mitsui's lucrative work for the United States government includes providing platinum to the United States Mint for coins."  From 2000-2009, the company was the recipient of $768.6 million US federal funds.  Their investments are currently active in Iran.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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The U.S. has not begun to exercise its leverage in that area. Consider that in the last two years, Brazil's Petrobras, China's Sinopec, Italy's Eni, Japan's Mitsui Petrochemical and Norway's Statoil have all reportedly made deals worth more than $10 million each in Iran's energy sector. All are listed on the New York Stock Exchange (except for Mitsui's parent, which is on the Nasdaq). Should Iran's economic enablers be listed on American exchanges? (The Wall Street Journal, "The Right Sanctions Can Still Stop Iran," 12/10/09)

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Trading companies including Mitsui & Co., Marubeni, and Mitsubishi Corp. are lifting large quantities of products from Iran. (Chemical Week, "Iran Aims to Overtake Saudi Arabia in Petchems; NPC Sale Advances," 5/26/08)

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Listed by U.S. Government as doing business in Iran. (U.S. Securities and Exchange Commission, "List of Companies Doing Business With State Sponsors Of Terror," Removed from the Internet in July 2007)

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Mitsui Engineering and Shipbuilding was up 4.2 pct or 8 yen at 200 following a report it won a 35 bln yen contract to build an ethylene glycol factory in Iran. (AFX, "Tokyo stocks slightly higher at lunch on foreign investor-led buying," 2/21/05)