Engineering

TMA International

Industry
Engineering
Country
India
Sources

"Indian businessman Pankaj Bansal is losing sleep. He says that any nuclear deal under which global powers lift sanctions against Iran could wipe him out.  'I have been forced to take sleeping pills now to avoid nightmares as my business with Iran has drastically come down,' said Bansal, 43, from his base in a teeming commercial district of South Delhi.  Bansal's trading firm, TMA International, has expanded from metals into motors, auto parts and chemicals as rivals were shut out of Iran by Western sanctions aimed at forcing Tehran into a nuclear compromise. Talks to finalize a deal have run deep into overtime but may wrap up on Friday.  He is one of thousands of exporters who enjoyed a three-year run because India did not back the sanctions. In that time, India's exports to Iran doubled to $5 billion, helping to halve its bilateral trade deficit.  Now, they could be forced aside by European and U.S. competitors just as Asia's third-largest economy reels from a 20 percent export slump prompted by a global slowdown in trade.  The revival of India's historic friendship with Iran, shared with Russia and Venezuela, does hold the promise of long-term trade gains. Yet short-term pain looms for oil buyers and banks that benefited from sanctions-related payment delays." (Reuters, "Indian Business Dreads Lifting of Iran Sanctions," 7/8/15)

AREP

Industry
Engineering
Country
France
Contact Information
Sources

“The Islamic Republic of Iran Railways Company and a French company on Wednesday signed a contract to develop railway stations in the three Iranian cities of Tehran, Mashhad and Qom... The contract also includes locating and designing of Tehran's high-speed railway as the first step to launch similar railway systems in other cities. The Islamic Republic of Iran Railways Company and the French AREP company endorsed the contract which also envisages optimizing and modernizing the Tehran railway station's area. Similar plans are also due to be implemented in Mashhad and Qom cities.” (Fars News, "Tehran, Paris Ink Contract to Develop Iran's Railway Stations," 7/1/15)

KITO Corporation

Industry
Engineering
Symbol
TYO: 6409
States
KY
Country
Japan
Sources

"Trade official says a new dawn is beginning for Iran, especially in the economic sector, as hopes are high that international sanctions on the Islamic Republic are going to be removed. 'It is the first time in a long time there's hope,' David Stephen, head of the Oil and Gas Offshore Division of Iran Europe industrial and trading group told Trend May 7 on the sidelines of the Iran Oil Show 2015 in Tehran. 'Iran is the future for many foreign companies,' said Stephen who is responsible for bringing many European companies to Iran for market exploration in the past 25 years... The German safety equipment company Kito is one of the companies Stephen has led to Iran. We were in Iran last November holding talks with the NIOC (National Iranian Oil Company) and the Iranian sides were very interested in our products, Kito General Manager Joachim Romeick told Trend." (Trend, "New dawn for Iran after sanctions -- European trade official, 5/10/15)

MCC Group

Industry
Engineering
Country
China
Contact Information
Sources

MCC was listed as a participant in the Iranian Iron and Steel Conference that took place on September 14, 2015 in Tehran, which claimed to provide “the ideal opportunity to discuss how the re-emergence of this major iron and steel player could affect you and your business.” (Metal Bulletin, “Iranian Iron and Steel Conference”).

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"Chairman of the Executive Board of Iranian Mines & Mining Industries Development & Renovation (IMIDRO) Mahdi Karbasian has said that China Metallurgical Group Corporation (MCC) has sent three resident representatives to Iran in order to follow the implementation of seven steel projects in the country. He said that during a recent trip by an Iranian delegation to China aimed at opening the LCs (Letters of Credit) for seven steel projects, the ground was laid for precipitating in the projects. He added that Iran is trying to make MCC carry out the funding measures in a way that the all projects would be complete in 36 months, Eranico reported on April 21.'Nonetheless, things have so far been arranged so that some of the projects will be finished in 24 months,' he maintained." (Trend, "3 Chinese representatives in Iran to pursue steel projects," 4/21/15)

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“Chairman of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mehdi Karbasian met with senior directors of Chinese companies MCC Group, China Public Insurance Company (Sinosure) and MCC – CERI which are involved in seven provincial steel projects in Iran.” (IRNA, "IMIDRO, China agree to accelerate provincial steel projects," 12/16/2014)

Buhler

Industry
Engineering
States
MN
Country
Switzerland
Contact Information
Sources

Has its own Iran office.

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“With its vast gas and oil resources and more than 80 million inhabitants, many of whom are well-educated and wealthy, Iran has great economic potentials, especially if sanctions are lifted,” the news platform owned by the Swiss public broadcasting corporation SRG SSR said. Small- and medium-sized Swiss companies as well as multinationals, such as food giant Nestle, cement company Holcim and pharmaceutical company Novartis are already active in Iran. Buhler, a manufacturer of a range of agricultural equipment, has been present in Iran since 1976. Apart from its headquarters in Tehran, the company has a production site in Astara and sells mills and other food processing equipment on the Iranian market." (PressTV, "Swiss traders size up Iran prospects," 4/23/15)

FLSmidth

Industry
Engineering
Symbol
DC: FLS
States
IL
PA
UT
WA
Country
Denmark
Sources

As of May 17, 2021, Iowa's Public Employee's Retirement System lists FLSmidth on its Iran Scrutinized Companies List.

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"The company has been identified as potentially providing mineral and cement services in Iran. In 2019 CalPERS designated the company as under review. In 2020 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 continues to monitor the company for possible changes in status relevant to the Act."

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As of August 15, 2019, the state of Iowa listed FLSmidth on its Iran scrutinized companies list.

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In 2017, CalSTRS designated FLSmidth & Co. A/S as “Under Review” for reportedly opening a new office in Iran to service mineral and cement customers. CalSTRS maintained the “Under Review” designation in 2018.

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In 2018 the U.S. state of Iowa listed FLSmidth on its Iran prohibited companies list requiring divestment and rendering FLSmidth ineligible for investment and/or state contracting.

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"FLSmidth is a global engineering company based in Copenhagen, Denmark. With almost 13,000 employees worldwide, it provides global cement and mineral industries with factories, machinery, services and know-how.  “FLSmidth has a very long time history in Iran. We have been here for more than 80 years. So, we feel actually that we have been all the time. Sometimes, we had a permanent representative and sometimes we have worked from aboard,” Kristensen explained." (August 2016)  Response: “FLSMidth has not agreed to participate in the Iran Post Sanctions Business Forum in Berlin on January 24-25, 2017.”

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"Denmark's FLSmidth has selected Iranian Ehdas San'at Company as its representative for the implementation of projects and services in Iran. Managing Director of Ehdas San'at Morteza Hashempour and the Director of FLSmidth, Thomas Schulz, have signed a scientific, technical and economic cooperation memorandum of understanding to cooperate in the cement industry in Tehran. Ehdas San'at has agreed to a close cooperation with FLSmidth in the field of producing related equipment and constructing new projects, as well as the optimisation and reconstruction of existing cement plant." (October 8, 2015).

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"Also on Wednesday, the Danish engineering firm FLSmidth informed the advocacy group United Against Nuclear Iran that it would be pulling out of the forum. A spokesman for the firm confirmed the withdrawal to me." (The Wall Street Journal, "About Those Iran Sanctions," 10/16/14)

Response

"I can inform you that FLSmidth has stopped all business activities related to Iran. I can also inform you that FLSmidth will not participate in the Iran International Aluminium Conference ("IIAC") on April 21-22, 2020." (4/2/2020)

Rotork

Industry
Engineering
Value of USG Contracts
2
Value of USG Contract Source
http://usaspending.gov/explore?frompage=contracts&tab=By%20Prime%20Awardee&contractorid=216019661&contractorname=ROTORK%20CONTROLS%20INC&frompage=contracts&comingfrom=searchresults&fiscal_year=all
Symbol
LON: ROR
Country
UK
Sources

Iranian oil, gas, petrochemical and power industries services company Petrokalooj cites Rotork as a supplier on its website.

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The Iranian firm, Raya Tosee Tajhiz Paya (“Raya Tosee”), claims to be an authorized agent of Rotork in Iran.  (Raya Tosee Website, “Home.”). 

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"In May, some 1,800 exhibitors crowded Tehran’s sprawling International Permanent Fairground for Iran’s annual International Oil, Gas, Refining and Petrochemical Exhibition. The petroleum ministry said 600 foreign companies attended, although many were small Chinese and South Korean firms. Jerome Budin, an international manager at Rotork Controls Ltd., an electric valve–making subsidiary of Rotork Plc, a company based in Bath, England, was among the few Europeans staffing an exhibitor’s booth. Budin says Rotork has attended the fair for 12 years and sold products to Iranian petroleum, water and power companies after securing the necessary licenses. 'It’s quite a big market for us,' Budin says. 'Obviously, we are looking forward to an easing of the sanctions.'" (Bloomberg News, "Iran Lures Investors Seeing Nuclear Deal Ending Sanctions," 8/17/14) 

Sercobe

Industry
Manufacturing, Engineering
Country
Spain
Sources

"Talks are underway between Iran’s National Petrochemical Company and major Spanish consortium Sercobe to open a credit line to finance petrochemical projects in Iran, says the NPC’s head of financial affairs.“A new round of negotiations that started in Tehran hinges on outlining the details of long-term cooperation in implementing and financing petrochemical joint ventures,” Hussein Alimorad was quoted as saying by Mehr News Agency." (November 27, 2016). 

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On its Company Website, Sercobe lists multiple contracts with Iranian companies amounting to millions of Euros. Clients include the National Iranian Gas Company and the National Iranian Steel Company. (Sercobe Website, “References Sercobe: Iran”)

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Sercobe attended Iran’s 19th annual international oil and gas show between May 6-9. (Press TV, “Foreign firms rushing towards Iran's oil market,” 5/6/14) 

REMBE

Industry
Engineering, Construction
Country
Germany
Sources

REMBE is listed as an exhibitor at the 2018 Iran Oil Show. 

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According to its Company Website, rembe attended Iran's 19th annual international Oil, Gas, Refining and Petrochemical Exhibition. (rembe Website, “News: Exhibitions,” 5/6-5/9/14)