Taiwan

BOTH-WELL

Industry
Chemicals
Country
Taiwan
Sources

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

Response

"We stopped this business tie as the sanction. We will inform PetroKalooj not to use our trademark and logo for any business promotion activities, and we are investigating this serious issue. We will request all our customers in the mid East Asian countries not re-sell Both-Well fittings to any Iran business ties.” (6/22/2021)
 
 

Mega International Commercial Bank

Industry
Banking
Country
Taiwan
Sources

Taiwan’s Mega International Commercial Bank will immediately terminate its payment clearing mechanism between Taiwan and Iran in a response to the United States’ sanctions on Iran, a senior bank official told Reuters on Monday. (Reuters, "Taiwan's Mega Int'l Commercial bank to end Taiwan-Iran clearing mechanism," 10/21/2018). 

 

ATEN International

Industry
Telecommunications
States
NJ
Country
Taiwan
Sources

ATEN lists Raymond Computers Co., Ltd. as its distributor in Tehran, Iran. 

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ATEN International Co., Ltd. (ATEN) is listed as an exhibitor at the 18th International Trade Show on Innovative CIT Solutions (“Iran Telecom Innovations Show;” “Telecoms Show”) took place October 16-19, 2017 in Tehran, Iran. (Iran Telecom Innovations Show, “Exhibitors & Products”):

Formosa Petrochemical Corporation

Industry
Chemical
Symbol
TPE: 6505
Country
Taiwan
Sources

"The company was reported as potentially providing services for oil shipping terminals 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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"Formosa Petrochemical will not buy Iranian oil despite being able to benefit from a U.S. sanctions waiver, it said on Thursday, citing the lack of a payment mechanism. The Taiwanese refiner will replace part of the Iranian oil with Iraqi crude, Formosa spokesman KY Lin told Reuters." (11/29/2018).

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In 2018, CalPERs designated Formosa Petrochemical, as “Under Review” for potentially providing services for oil shipping terminals in Iran.  In 2019, CalPERS changed the designation to “being monitored” because CalPERS’ “initial screening has not identified the company as having involvement in the [activities] targeted by the [2019 California Public Divest from Iran] Act.

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In 2017 the U.S. states of South Carolina and Tennessee listed Formosa Petrochemical on its state list of companies doing business with Iran, rendering Formosa ineligible for investment and/or state contracting

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Castles

Industry
Technology
Symbol
TT: 5258
Country
Taiwan
Sources

"The Taiwan-based payment company Castles, specializing in payment tools, has started a semi knocked-down production line in Iran’s Arvand Free Trade Zone, in cooperation with Bank Pasargad’s subsidiary, FANAP. FANAP is launching the POS terminal production line in Khorramshahr Free trade Zone, Khuzestan Province. Jason Chiang, sales manager of Castles in the Middles East, said the high demand in Iranian market has prompted the company to expand its presence in the country. "The Iranian market offers many opportunities, especially now that sanctions are lifted and foreigners have more opportunities to take part in the market," he said. "Our Iranian partner, FANAP, is producing the POS terminal and we provide them with technical and technological assistance." (Financial Tribune, "FANAP, Taiwan POS Maker in JV," 9/6/2016).