Harbin Electric Company
On June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) identified Harbin Electric on its scrutinized companies Iran/Sudan list. On September 24, 2008, OP&F adopted an Iran and Sudan Divestment Policy.
In 2018, CalSTRS identified Harbin Electric as potentially having ties to Iran. CalSTRS subsequently removed Harbin Electric as it no longer holds securities of the company.
In 2018 the U.S. state of Ohio listed Harbin Electric on its Iran prohibited companies list rendering Harbin Electric ineligible for investment and/or state contracting.
"China's Harbin Electric International Company, which has power projects in Iran, Turkey and Indonesia among others, lost the bid on technical grounds, said a Bangladesh official, speaking on condition of anonymity." (February 2016)