Switzerland

Omega

Industry
Luxury
Country
Switzerland
Sources

Omega is a subsidiary of the luxury watch conglomerate Swatchgroup

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The Swiss luxury watchmaker lists ten authorized retailers in Tehran. (Omega Website, "Store Locator," Input: "Iran")

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"Not-for-profit advocacy group United Against Nuclear Iran (UANI) has launched its Luxury Goods Campaign against luxury brands, calling on, amongst others, Omega to cease supplying its timepieces to retailers in Iran. UANI’s chief executive Mark D. Wallace told Fox News: 'The IRGC and the Iranian elites have for many years purchased and sought the finest of western goods. And unfortunately over the years, because of petro dollars, the elites have had the ability to purchase these goods' . . . UANI has now said it will call on Omega to exit the Iranian market. It has sent a letter to Omega’s president Stephen Urquhart and Swatch Group’s chief executive and president Nick Hayek." (WatchPro, "Anti-nuclear group calls for Omega to exit Iran," 8/20/12)

 

 

Sulzer

Industry
Engineering
Value of USG Contracts
52
Value of USG Contract Source
http://usaspending.gov/search?form_fields=%7B%22search_term%22%3A%22sulzer%22%7D
Symbol
SWX: SUN
States
AL
CA
CO
CT
FL
IL
LA
NJ
NY
OK
OR
SC
TN
TX
UT
WV
Country
Switzerland
Contact Information
Sources

"The company was reported as potentially selling pump products 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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In 2015, CalSTRS designated Sulzer AG as “Under Review” for potentially having ties to Iran. In 2016, CalSTRS designated Sulzer AG as “Being Monitored” while conducting further review of the company’s internal controls and compliance programs and maintained that designation in 2017. In 2018, CalSTRS removed Sulzer AG from the “Being Monitored“list after reviewing internal controls and receiving confirmation the company ceased doing business 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 Act. CalPERS will continue to assess and/or monitor the company for possible changes in status relevant to the Act.

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Sulzer's Middle East contact is listed as an attendee at the Focus Iran Summit & Exhibition that took place from September 26-27, 2016, in Tehran, Iran. (Participating Companies)

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"The Swiss newspaper Sonntag reported that engineering group Sulzer (SUN.S) had since 2009 conducted much less business there than in previous years, citing a company spokeswoman. Sulzer was not immediately available for comment." (Reuters, "ABB, other Swiss firms halting Iran business," 1/31/10)

Holcim Ltd.

Industry
Cement
Value of USG Contracts
1
Value of USG Contract Source
http://usaspending.gov/search?
States
MA
Country
Switzerland
Contact Information
Sources

Holcim lists on its website that it owns 49.9 percent of Espandar Cement Investment Co., an Iranian cement corporation.  

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"Holcim was wary of sending employees there and had cut its stake in a local company." (Reuters, "ABB, other Swiss firms halting Iran business," 1/31/10)