Germany

Dräger (Draeger)

Industry
Medical*
Country
Germany
Sources

"According to Draeger's regional manager for oil, gas and chemical, Ian White, their business in Iran is to provide safety products, including protection equipment such as breathing apparatus, respiratory protection and face masks to protect people in potentially toxic and poisonous environments. Also, they produce detection equipment which will detect anything explosive in oil, gas, chemical and petrochemical industries.

Draeger Safety has been developing advanced technical devices and solutions trusted by users all over the world. Its broad range of products from safety and protection systems, respiratory protective equipment, air filter to detection technology, warning systems are used in hospitals, for firefighting, for mining, in the oil and gas industry, in the chemical industry and etc.

In industrial spaces, detection and protection devices are essential part of safety systems. Draeger has combined both detection and protection products, to make sure people are safe before and after toxic gases detection.

Draeger has activated in Iran's market for more than 30 years in co-operation with Lab Tech Co., equipment supplier and service provider for healthcare and industrial areas." (Financial Tribune, 6/12/2017)

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Lists Lab Tech Ltd. as its distributor in Tehran, Iran.

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Over the last three presidential administrations, the United States government has granted Draeger Medical Systems 18 special licenses to do business in Iran. (New York Times, "Companies with Permission to Bypass Sanctions," 12/24/10)

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Draeger was involved in a scandel for supplying dual-use technology to Iran through its Iranian partner Irasco.  (DW, "US eyes German Firm Over Software Sale to Iran," 5/8/09)

Carl Zeiss Meditec AG

Industry
Medical*
Symbol
GR: AFX
Country
Germany
Contact Information
Sources

Lists Iran Negar – Planetarium, Marestan Co. Ltd, Optical Trading Center, Pishgaman Sanate Taimaz Co. and Valatec Engineering Company as distributors in Tehran, Iran.

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Over the last three presidential administrations, the United States government has granted Carl Zeiss Meditec 22 special licenses to do business in Iran. (New York Times, "Companies with Permission to Bypass Sanctions," 12/24/10)

Helm AG

Industry
Chemicals
States
NJ
Country
Germany
Sources

Helm AG is a Hamburg-based chemicals firm specializing in plastics, fertilizers, pharmaceuticals, and acids. The company has branches in over 30 countries and had a 2009 turnover of 5 million euros (Company Website). 

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Helm AG had previously been involved in the importation of Iranian petrochemicals to Europe, but announced in October of 2010 that they would be pulling out of the business. A company spokesman announced that "The company management decided there would be no more business with Iran - either directly or indirectly. The decision came into effect immediately and will not be revised in the immediate future" (Platts). 

Duerr AG

Industry
Automotive, Technology
Symbol
GR: DUE
States
MI
Country
Germany
Contact Information
Sources

“Business in Iran has grown over the past year. Now we have stopped our activities for the time being,” “We’ve won two larger contracts in 2017. This is not overly important, but it’s not small either. This was also an opportunity in terms of margins that we’re now losing,” (8/11/18)

"Auto supplier Duerr stops Iran business due to sanctions"

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Durr AG lists two representatives for the Iranian market on its company website.

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A division of Durr AG, Durr Somac, lists a sales office in Iran. (Company Website)

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Additionally, a subsidiary of Durr AG, Carl Schenck AG, also lists an office in Iran. (Company Website)

Europäisch-Iranische Handelsbank (EIH)

Industry
Banking
Country
Germany
Contact Information
Sources

In 2020, the U.S. state of Mississippi listed EIH on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.

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  • As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their delivery systems; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions; also designated pursuant to Executive Order 13599 and subject to the Iranian Financial Sanctions Regulations; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States. (Iran Watch)

  • Despite hopes of a new dawn for Iran's economy after nuclear-related sanctions were lifted, major Western banks are reluctant to do business with the Islamic republic for fear of US retribution. President Hassan Rouhani has said that to reach the target of eight-percent growth needed to modernise the industrial sector and relaunch the hobbled economy, Iran needs up to $50 billion in foreign investment every year. But without the big foreign banks, that looks impossible. "For the moment, the little European banks have agreed to work with us," said Parviz Aghili, head of the private Middle East Bank in Tehran. They include banks from Italy, Austria, Switzerland, Germany and Belgium, he said without naming them. "But not a single medium-sized or big bank has so far agreed to do it," he added... The limited number of institutions that do deal with the Islamic republic include Raiffeisen Bank and Erste Bank from Austria, Mediobanca and Banco Popolare of Italy, Germany's EIH, KfW and AKA banks, Belgium's KBC, ING of the Netherlands and Turkey's Halk, according to a banking expert in Tehran. "These banks have established working relations with the Iranian banks to open letters of credit for fairly small sums of 10, 20 or 50 million dollars." But they lack the resources to finance big projects like the deal struck between Iran and European aircraft manufacturer Airbus for 118 airplanes, or oil and gas development projects, the expert said. (AFP, "Iran banking hobbled by Western reluctance to engage," 9/13/2016).
  • Noted for conducting business in/with Iran. (Avi Jorisch, "Iran's dirty banking," 2010)
  • According to its website, EIH lists Iran as one of its key markets. (EIH Website, "About Us")