Conglomerate

Emerson subsidiary, Rosemount, is featured on the website of the Iranian firm, DIBAGARAN FARAYAND (DIFACO).

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

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Iranian sales agent Fatehin Sanat claims to have existing business ties with Aventics and Emerson. 

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In response to an inquiry for the U.S. Securities and Exchange Commission's Office of Global Security Risk regarding potential Iran business ties, Emerson Electric wrote:

"Emerson’s U.S. subsidiaries have been prohibited from conducting business with Iran, directly or indirectly, under the Company’s trade compliance requirements since the initial imposition of U.S. sanctions against Iran in 1995.

"After 1995 and before July, 2010, some of Emerson’s foreign subsidiaries, primarily in Europe, continued to transact a limited amount of lawful business with Iran.  This involved the sale of process equipment such as valves, transmitters and controllers; climate control equipment such as compressors; and, electric motors, drives, and uninterruptible power supply equipment.  That business was primarily conducted indirectly through OEMs, engineering companies and distributors.
 
"In July, 2010, after the passage of the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010, Emerson’s foreign subsidiaries implemented a prohibition on all new business with Iran, direct or indirect, even if such sales would have been legal.  When there was a legal basis for doing so, Emerson’s foreign subsidiaries terminated contracts that were entered prior to this ban.  Contracts for which there was no legal basis for termination remained in place, with a view to winding them down as soon as possible.  During the second quarter of fiscal 2012, the Company completed its remaining contracts." (SEC Correspondence, 3/16/2012)

According to publicly accessible ship-monitoring data, since January 1, 2016, Itochu-owned vessels have called at Iranian ports

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Itochu Iran Co. Ltd., is listed on the Itochu Corporation website with an office in Tehran, Iran. (Itochu Company Website, “Middle East”).    

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 "Japan’s Itochu Corporation signed a deal on Saturday to purchase 11,000 tons of polyethylene per month from the Persian Gulf Petrochemical Industries Company (PGPIC)." (May 2017)

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Japan’s general trading firm ITOCHU has signed a contract, worth €320 million, for financing petrochemical projects in Iran. The deal was signed with Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) in Tehran on Saturday, Shana reported. Back in September, Japan’s integrated trading and investment business conglomerate, Marubeni, signed a deal with the same value with PGPIC on financing petrochemical projects in Iran. PGPIC has announced that it plans to attract €1.5 billion in foreign investment within the framework of short-term (usance) and medium-term contracts by the end of the current Iranian calendar year (March 2017). (Tehran Times,  "Japan’s ITOCHU signs €320m petchem deal in Iran" 12/5/2016)

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"Conservative Japanese firms have so far held off taking Iranian crude due to a lack of internationally acceptable insurance coverage, but are looking at ways of using cover provided by the Japanese government, the sources said. The traders seeking to restart purchases together imported around 50,000 barrels per day (bpd) of Iranian oil before sanctions were imposed and renewed purchases would give a boost to Tehran's aim of increasing its exports to 4 million bpd... ... Itochu Corp said it was considering resuming imports of Iranian oil, while trading house Kanematsu Corp which last bought Iran crude in 2010, is also looking to resume purchases at an early date, but has not yet lined up any customers, a company source told Reuters." (Reuters, "Some Japan trading houses eye resuming Iran oil imports-sources," 10/19/2016).

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"With approximately 150 overseas bases in 74 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, information and communications technology, aerospace, electronics, energy, metals, minerals, chemicals, forest products, general merchandise, food, finance, realty, insurance, and logistics services, as well as business investment in Japan and overseas" (Company Website).

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According to Reuters, "On March 1, 2010, the Company acquired ITOCHU Oil Exploration Co., Ltd” (Reuters Company Profile).

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"ITOCHU Oil Exploration Co., Ltd., also known as CIECO, is an upstream E & P company headquartered in Tokyo, Japan. CIECO is known for its technological expertise in all aspects of oil and natural gas exploration, development, and production. As an operating subsidiary company for the ITOCHU Corporation (ITC), CIECO, with its know-how in reservoir management and exploitation, risk management and finance structuring related to the hydrocarbon industry, plays a central role in every aspect of the upstream hydrocarbon businesses of the ITOCHU Group. CIECO's E & P business spans nearly 10 countries globally, allowing for the maximization of ITC's worldwide network" (Itochu Oil Website).

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Itochu has a branch in Tehran, ITOCHU IRAN Ltd. (Company Website)

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Itochu Iran lists describes itself as “a subsidary of a Japanese Trading company. Our main function is marketing and sales of various products in our local market and wordwide. We provide all required information for buyers and suppliers in order to finalize a business” (Itochu Iran Profile).

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As of April 2010, Itochu imports five thousand barrels of crude oil per day from Iran. (Reuters, "Iran’s Crude Oil Buyers in Europe, Asia," April 18 2010)

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In a 2005 news release, Itochu announced a major project with Iran to develop Iranian natural gas: "ITOCHU Corporation is at the last adjustment stage with the parties concerned of the high-density polyethylene Project with plant capacity 300,000t/a in Islamic Republic of Iran. The total investment amounts up to 25 billion yen."

"This Project is an epoch-making one in which Thai, Iranian, and Japanese companies jointly establish a joint venture company in Iran. ITOCHU contributes about 12% equity for the joint venture company through another investment company established with Thai partners. This is a long time since the last formal investment has been made in Iran by a Japanese company. Moreover, ITOCHU will also undertake a role as a Project developer with the role including, but not limited to, coordinating contractual negotiation, and arranging finance for the Project, with the close cooperation with the remaining parties."

"It is the greatest merit of this Project to realize stable supply of the inexpensive ethylene utilizing abundant Iranian natural gas for a long period of time" (Itochu News Release, “Iran/Assaluyeh high-density polyethylene (HDPE) Project,” July 2, 2005).

Iranian company Diesel Motor A.F.Z. (“Diesel Motor”) cites Hitachi as a customer on its company website. (Diesel Motor Website, “Home”).

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"Hitachi Ltd. has signed a preliminary agreement to supply advanced equipment and technology for the Persian Gulf Bid Boland Gas Refinery project in the southern Khuzestan Province. The agreement includes the supply of compressors, vapor recovery units and gas storage equipment by the Japanese conglomerate, NIPNA, the official portal of the National Petrochemical Company, reported on Tuesday." (July 2017)

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United Against Nuclear Iran (UANI) on Thursday announced that Japanese technology conglomerate Hitachi has decided to end its business in Iran. Following discussions with UANI, Hitachi this week informed UANI that it "has stopped all new business with Iran and is in the process of winding down contracts pre-existing our policy directive to end all new business." (UANI Press Release, "UANI Applauds Hitachi for Ending Its Business in Iran, Following Discussions with UANI", 12/1/2011) 

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Hitachi has installed ten highly advanced H-25 gas turbines since 2007 (Hitachi Website. “Thermal Power Systems: Experience”) and over 17 induction motors for industrial plants in the Iranian energy sector since 2006.  One of the end-users for these induction motors was the Arak Petrochemical Corporation, a company listed by the British government as an entity of potential concern for WMD-related procurement. (Hitachi Website. “Induction Motor. Supply Record: Iran”; Iran Watch. “Arak Petrochemical Corp”)

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Hitachi has provided the Ghadir Urea and Ammonia Petrochemical Company (“Ghadir”) with seven induction motors since 2008.  Ammonia and urea both have widely recognized military uses.  Ammonium nitrate fertilizer, for example, “is used to make 95% of the bombs in Afghanistan (Global Security. “Explosives– Ammonium Nitrate”).  The Iranian government’s National Petrochemical Company owns a 48 percent share of Ghadir and has also been listed as an entity of potential concern for WMD related procurement (Iran Watch. “National Petrochemical Company”).  

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Hitachi's subsidiary, Hitachi Construction Machinery Middle East, published an article about its dealers on its website, in which it discusses Iran-based Touranto Co P.J.S, a “privately owned company (that) supplies earth moving/material handling machinery and accessories to America, Asia and Europe from leading manufacturers such as Bobcat, Terex, Indeco, Montabert, and of course Hitachi” (Hitachi Company Website). 

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In 2010, Hitachi Construction Machinery Middle East hosted a seminar with Touranto employees to increase product support revenue

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Hitachi global website lists Parkish Co. in Tehran as a service center (Hitachi Global Website).
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In a 2007 Correspondence with the SEC, Hitachi said the following (SEC correspondence with Hitachi, 3/30/2007):

"We have de minimis contacts in each of the five countries, Iran, the Sudan, Syria, North Korea and Cuba, designated as state sponsors of terrorism by the U.S. State Department. Total revenues received from all of the five countries combined were approximately ¥10 billion ($84 million), ¥8 billion ($67 million) and ¥4 billion ($37 million) for the years ended March 31, 2006, 2005 and 2004, respectively, which constitute approximately 0.1%, 0.09% and 0.05% of our consolidated revenues of respective fiscal year. We do not believe that the operations, either individually or in the aggregate, constitute a material investment risk to our security holders.  

Revenues to these countries primarily comprise maintenance of thermal power plants, sales of turbo compressors for oil refining plants, induction motors for industrial plants, construction machinery, flat panel TVs and DVD cameras. In the year ended March 31, 2004, we recorded revenues amounted approximately ¥0.2 billion ($1.4 million) from sales in North Korea, which represent sales by Hitachi, Ltd. of nuclear power equipment through the Korean Peninsula Energy Development Organization, a multi-lateral organization established by the U.S., South Korea and Japan, following the agreement between the U.S. and North Korea aiming to freeze and ultimately dismantle North Korea’s nuclear program.

We have no assets or liabilities in any of these countries. Revenues during these periods were derived from sales to unaffiliated third parties by Hitachi, Ltd. and certain of our subsidiaries. The sales into these countries were immaterial to each of these entities.

We anticipate that our sales into the aforementioned countries will not change significantly in the near future, unless there is a dramatic change in the political and security climate in these countries. Due to the immaterial amount of sales into these countries both individually and in the aggregate, we do not believe that these operations constitute a material investment risk to our security holders." 

Seiko Group includes Seiko Holdings Corporation, Seiko Epson and Seiko Instruments, all of which do business in Iran. Seiko Holdings Corporation primarily produces watches, and has a variety of divisions that deal with electronics, including Seiko NPC Corporation, which manufactures semiconductors (Company Website).

Seiko Instruments also produces semiconductor products, along with other electronic components, precision parts and technology (Company Website).

Seiko Epson manufactures computers and peripherals, and other information and imaging equipment. (Company Website).

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Seiko has a service center in Tehran. Company Website

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According to Business Monitor International, “Iran has long had more significant manufacturing capacity in computer peripherals, particularly printers and monitors… The first printers, from Olivetti and Epson, were assembled in Iran in 1994” (Business Monitor International, "Iran Q2 2010 (Market Overview Article)"  March 2, 2010).

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Maadiran Group features Epson printers on its homepage. Maadiran Group Website

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Business Monitor International recognizes Maadiran Group as "one of Iran's largest consumer electronics and IT firms."

"In 2007, Maadiran Group began mass production of five models of LG phones, adding to existing contracts for the assembly of LG monitors, Epson dot matrix printers and Olivetti bank slip printer. LG is an important brand for Maadiran. In 2008, the company was targeting the production of 850,000 LG-branded LCD and CRT monitors, and planned to increase its volume to 940,000 in 2009. Maadiran is also licensed to produce around 14,000 dot matrix printers for Epson annually."

"Maadiran is an exclusive distributor for Sharp, LG, Olivetti, Epson and a number of other brands" (Business Monitor International, "Company Profile - Maadiran Group - Q2 2010 Iran."  March 2, 2010).

Interpublic Group of Companies is an advertising holding company with hundreds of subsidiaries, 40,000 employees, and $6 billion in revenue for 2009 (Company Website). 

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“With respect to Iran and Sudan, based on the data available to and reviewed by the Company, Interpublic does not currently have subsidiaries, assets or operations in Iran or Sudan, has no business relationship (including partnerships) with any person or entity in those countries, has not had subsidiaries, assets or operations or any such relationship in these countries since our letter to you dated December 18, 2009, and does not anticipate doing so.” (SEC filing in response to SEC letter addressing possible ties to Eshareh Advertising, 2012)

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Eshareh, an Iranian advertising firm, notes on its website that it is "in partnership with the Interpublic Group (IPG), operating dedicated advertising, media, Public Relations, CRM and below-the-line units" (Eshareh Website). Eshareh has an annual sales volume of $26 million (Business Monitor International, subscription required).

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Interpublic Group's corporate values include "integrity and transparency," and its website claims that "we strive to maintain the highest levels of ethics, fairness and openness in all of our actions" (Company Website). 

In January 2021, the State of New Jersey Department of the Treasury listed AK Makina as a company engaged in prohibited activities in Iran pursuant to P.L. 2012, c. 25 ("Chapter 25"). 

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As of October 14, 2020, AK Makina remained on the Tennesse Department of General Services list of persons it determines engage in investment activities in Iran, as described in 12-12-105.

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

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As of July 1, 2020, AMONA is listed as an entity “determined, based on credible information available to the public, to be engaged in prohibited activities in Iran pursuant to P.L. 2012, c.25 (“Chapter 25”).  

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As of June 8, 2020, AMONA is listed on the Pennsylvania Department of General Services Iran Free Procurement List. Entities included on this list are ineligible to enter into a contract with the Commonwealth of Pennsylvania for goods and services worth at least $1,000,000 per sections 3501-3506 of the Commonwealth Procurement Code, 62 Pa. C.S. §§ 3501-3506.  

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As of April 15, 2020, AMONA is included as an entity determined to be non-responsive bidders/offerers pursuant to The New York State Iran Divestment Act of 2012. 

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As of April 15, 2020, AMONA is included on the Tennessee list of persons it determines engage in investment activities in Iran, as described in § 12-12-105. 

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In 2019, the U.S. state of Mississippi, New Jersey, and New York,  listed Amona on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Amona ineligible for investment and/or state contracting.  

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In 2018 and 2019 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” Amona was included on this list in 2018. Tennessee states "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list."

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In 2017, the U.S. state of Mississippi, New Jersey, and New York,  listed Amona on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Amona ineligible for investment and/or state contracting.  

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Amona is currently working on a project involving the rehabilitation of the Resalat oil field in Iran's Lavan area. Amona will drill 30 wells and build a processing plant, to increase output to 47,000 bbl/d. The project is scheduled for completion in September 2011 and is valued at $1.53 billion (GAO Report 2010, Firms Reported in Open Sources as Having Commercial Activity in Iran’s Oil, Gas, and Petrochemical Sectors).

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On their company website, the Amona Group lists a current project they are undertaking in contruction and planning of an apartment complex in Iran. "The Amona Group has also ventured oversea and has secured major residential housing projects with the Governments of Libya and Iran. The total Gross Development Value of the company’s projects in hand are estimated at RM10 billion." (Company Website)

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"Amona Group of companies, a Malaysian company, will today sign two preliminary agreements to build two townships in Iran, he said, as builders look to Iran for construction and development businesses" (Bloomberg, "Iran President meets Malaysian Leader to boost ties," 3/1/2006)

According to its Annual Report filed with the SEC for 2019: "Unilever operates in Iran through a non-US subsidiary. In 2019, sales in Iran were significantly less than one percent of Unilever’s worldwide turnover. During the year, this non-US subsidiary had approximately €1,334 in gross revenues and less than €547 in net profits attributable to the sale of food, personal care and home care products to the Hotel Homa Group, which is owned by the Social Security Organization of Iran, and IRR Mohammad Rasoullah Pharmacy & Kowsar ‘Veterans of IRGC’, which are affiliated with the Islamic Republic Revolutionary Guard Corps. Income, payroll and other taxes, duties and fees (including for utilities) were payable to the Government of Iran and affiliated entities in connection with our operations. Our non-US subsidiary maintains bank accounts in Iran with various banks to facilitate our business in the country and make any required payments to the Government of Iran and affiliated entities. While we currently continue our activities in Iran, we are continuously evaluating such activities in the light of the evolving regulatory environment."

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Unilever N.V. (a Dutch company) disclosed in 2016 that its non-U.S. subsidiary, among other relevant transactions, “advertised our products on television networks that are owned by the Government of Iran or affiliated entities,” and further noted that “[i]ncome, payroll and other taxes, duties and fees (including for utilities) were payable to the Government of Iran and affiliated entities in connection with our operations” in the country.

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"Unilever, acting through its Iranian subsidiary, has signed a joint venture partnership with Golestan Company, the makers of Golestan tea and one of Iran’s best known consumer goods companies. The agreement was signed on November 29, but was formally announced this week." (December 2017)

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Unilever is one of the companies listed as a speaker at the HR Trends Summit taking place from October 18-19, 2016 in Tehran, Iran. (Speakers).

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"Unilever, which manufactures products like Dove soap, has been in the Iranian market since at least 2003, operating factories there and maintaining an office in Tehran, according to news reports and the company's Web site. It also sells its products to the American military."

From 2000-2009, the company was the recipient of $842.1 million US federal funds.  Their business in Iran is currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN. (Thai Press Reports, IRAN/GERMANY IRANIAN-GERMAN TRADE UP 78%, December 8, 2008)

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Unilevers Turkish holdings, valued at YTL 100 million, are indicators of its faith in the Turkish economy, said local company spokesman Ebru Senel Erim. The Istanbul offices vast market ranges from Iran, Kazakhstan, Uzbekistan, Turkmenistan, Armenia, Georgia, Tajikistan and Azerbaijan in the East to Macedonia, Albania, Moldova, Romania, Kosovo and Bosnia in the West. (Turkish Daily News, ISTANBUL BECOMES MANAGEMENT HUB, December 17, 2007)

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Listed by U.S. Government as doing business in Iran. (U.S. Securities and Exchange Commission, List of Companies Doing Business With State Sponsors Of Terror, Removed from the internet in July of 2007)

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GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco. (The London Times, American pressure threatens UK firms, Christine Seib, May 27, 2006)

Company website lists branch in Tehran, Iran as part of global network. (Company Website)

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"SK Networks has been in Iran since 1984, supplying chemical products as well as steel to Iran Khodro Co. and Saipa Corp., two of the largest automakers in the Middle East, according to the company's Web site.  SK Networks official Park Woo Sung said that the company's Iran business is currently more focused on selling steel to wholesalers than on the auto industry."

From 2000-2009, the company was a recipient of $36.6 million US federal funds.  Their business investments in Iran are currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

The Samsung logo appears on the website of the Iranian IT security and surveillance firm, Hoortash Ryan Aflak (“Hoortash” a.k.a. “Hortash”).

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"Tehran threatened to ban entry of Samsung Electronics employees and registration of mobile phones in Samsung label in protest to the Korean company’s decision to restrict Iranian access to its smartphone service.The list of measures against Samsung is ready,” said Mohammad Jafar Na’nakar, head of the legal department at the Ministry of Information and Communications Technology (ICT) in Iran, reported Iran’s state-run Press TV on Tuesday (local time).

The announcement came after the news that Samsung Electronics decided to stop the service of its Galaxy Store app in Iran." (Pulse, "Iran warns of punitive actions on Samsung Elec for its phone service restriction," 2/19/2020).

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On Friday, referring to the two Korean giants Samsung and LG that have left the Iranian market under the pressure of the U.S. sanctions, Iran's Foreign Ministry Spokesman said it would be much more difficult to return later for those who were "strong-armed by the United States to leave". Iran was a key market for the products of the two South Korean companies including TV and audio sets, home appliances, air conditioners and mobile phones....Both companies assembled some of their products in Iran but cut down on providing products and parts to Iran and have now completely stopped. In his tweet on Friday which came with a photo of workers pulling down a Samsung banner, Mousavi said that Iranians will "not forget friends who stand by their side at times of hardship". The two companies which stopped selling to Iran two years ago under the pressure of sanctions had not stopped their advertising in Iran. 

Samsung, like most other leading brands, stopped directly selling smartphones to Iran when the sanctions began. Samsung was officially represented in Iran and used to run after-sales service centers in major cities.

However, illegally imported smartphones of various brands such as Samsung and Apple are still quite abundant in the market." (Radio Farda, "Iran Warns Korean Giants Forced By Sanctions Not To Leave Market," 2/15/2020).

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"Among Asian businesses rethinking their dealings with Iran are banks, oil companies and technology giants including Huawei Technologies Co., Lenovo Group, LG Electronics Inc. and Samsung Electronics Co. South Korean consumer-electronics giants Samsung and LG already have reduced exposure to Iran and are consulting with government officials in Seoul to determine whether they must withdraw from the nation entirely following the end of U.S. oil waivers, according to business people in Tehran who work with the companies. Iran had been financing purchases from both companies with funds generated from the sale of oil and crude-based products." (Wall Street Journal, "Asian Companies Pull Back From Iran Amid U.S. Pressure," 4/24/2019).

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"Pyeongchang Olympic organizers said they had apologized to Iran on Friday after a diplomatic furor over its athletes being denied special Samsung phones issued for the Games. The head of the Pyeongchang organizing committee, Lee Hee-beom, confirmed he had written to the Iranian team “to apologize for the misunderstanding." The committee had initially claimed the phones were denied “because of existing UN sanctions,” even though all UN sanctions on Iran were lifted in 2015 apart from those linked to arms and nuclear technology. Samsung billboards and flagship stores are seen all over Iran, and the South Korean company has sponsored many large-scale cultural events, including the current exhibition at the Tehran Museum of Contemporary Art." (February 10, 2018). 

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"South Korea's tech giant Samsung - that has just finished a major oil project in Iran - says it is determined to continue working in the Iranian oil industry. Sun Lee, a top Samsung official in Iran, has told reporters that his company hopes to win new projects in that sector. He also said the company will continue offering maintenance and spare parts supply services for a mega floating oil export terminal for Iran that it finished on 8 February. Sun emphasized that the construction of the terminal - dubbed Persian Gulf - was made possible through overcoming severe financial problems, the Persian-language newspaper Forsat-e Emrooz reported. He said the high quality of the terminal is proportionate to Iran's crude export conditions, adding that this terminal will play an important role in Iran's oil industry. The Persian Gulf terminal - that has been described as the world's largest - has a total capacity of 2.2 million barrels and can store some 200,000 barrels per day of heavy crude oil produced in Iran's offshore oil fields of Soroush and Nowruz. South Korea's Samsung started building the terminal in 2008 and finished it on 8 February 2015 at a cost of about $300 million." (Press TV, "Samsung wants more Iran oil projects," 2/9/15)

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"Iran is in talks with three Japanese and South Korean oil and gas companies to invest in its oil and gas projects, Head of Investment Committee of the National Iranian Gas Company (NIGC) Asghar Soheilipour said. He said that Japan's Mitsubishi and South Korea's LG and Samsung are negotiating with NIGC to design, establish, and install gas refineries and pipelines, Iran's Mehr news agency reported on Jan. 13. Some Japanese and Italian companies have announced readiness to implement projects even before lifting the international sanctions, he noted." (Trend, "Iran in Talks with Japanese, Korean Oil and Gas Companies," 1/13/15)

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"Head of the investment committee of the Iran National Gas Company (INGC) Asghar Soheilipour said that his company was offering information about Iran's top priority gas projects to potential foreign and domestic investors... The official referred to Mitsubishi, LG and Samsung as corporations having announced readiness for making investments in Iran gas projects." (IRNA, "Official: Foreign firms eying investment in Iran gas industry," 1/3/15)

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“Iranian telecommunications minister Mahmoud Vaezi has criticized Samsung for cutting the access to Samsung's mobile app store for Iranian users, ISNA reported on March 16. Mahmoud Vaezi said Samsung should resolve the problem as soon as possible. Representative of Samsung in Iran has pledged to resume the service as of April 6, 2014, Vaezi added. Iranian device users lost access to Samsung's mobile app store as of May 22, 2013. The Korean electronics giant said that it couldn't provide access to the store because of 'legal barriers'. Many sanctions have been imposed on Iran over its nuclear program, and Samsung's step is viewed as the latest such measure. Unlike Apple, Microsoft and Adobe, Samsung provided localized services to Iranians in Persian language. It also isn't the first handset vendor to pull back from Iran. Nokia stopped its services in the country last year. On June 9, 2013, the Tasnim News Agency quoted Tehran Chamber of Commerce member Mohammad-Hossein Barkhordar as saying that Samsung will lift ban on Iranian users to access app store sooner or later. Samsung took the decision in order to show off in the international arena, but it retreated from the decision and found out that it was wrong, Barkhordar said.” (Trend, “Iranian telecom minister criticizes Samsung,” 3/16/14)

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"But its population of about 75 million includes a sizeable urban middle class who have been avid consumers of foreign-made goods, including Samsung and Sony electronics and Peugeot cars." (Reuters, "Iran says it will cut imports of non-essential goods," 10/15/2012)

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"After being hit by European and U.S. sanctions, Iran's oil sales are stabilizing as the country entices buyers with attractive prices and a form of barter. But proposed new U.S. restrictions could further bite into its crude exports later this year . . . A form of barter set up by Iran provides an incentive to keep—or in the case of Seoul, to resume—its crude purchases. Faced with banking sanctions that impede its ability to receive crude proceeds and settle its bills for imported goods, the Islamic Republic increasingly gets paid into accounts based in the Asian countries where it sells the oil and in their local currency. Iranian traders then draw on the reserves to purchase goods exported to Iran. South Korean products are ubiquitous in Tehran—from smartphones made by Samsung Electronics Co. Ltd. to LG Electronics Inc. televisions and even costume dramas on local televisions; Iranian imports from the country amounted to $6 billion last year." (Wall Street Journal, "Iran Barters and Bargains to Help Oil Sales," 8/7/12)

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"South Korea has imposed curbs on exports to Iran - mainly steel, cars and electronics - to reduce its risk of payment defaults as western sanctions disrupt Iranian oil exports, highlighting the growing risk of doing business with the Islamic Republic. The move to limit the trade exposure of Asia's fourth-largest economy, which sold $1.7 billion of goods in Iran in the first quarter of this year, was announced by South Korea's leading trade and business body and came into effect this week…Export quotas could be imposed on products including Samsung Electronics' mobile phones and Hyundai Motor's vehicles, a source has told Reuters."  (Reuters, "South Korea limits Iran exports on payment concerns," 6/14/12)

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"Export quotas could be imposed on products including Samsung Electronics' mobile phones and Hyundai Motor's vehicles, one of the sources said... Samsung Electronics and LG Electronics accounted for a combined 30 percent of Iran's mobile phone market, Korean major newspaper Dong-a Ilbo reported in January." (Reuters, "South Korea may limit exports to Iran on payment concerns: sources," 5/17/2012)

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"Samsung, an electronics giant, markets its products in Iran, according to its website."  From 2000-2009, the company received $476.4 million US federal funds.  Their activities in Iran are currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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"Nestle has been the target of protests by Islamists since the Gaza onslaught began, some Iranian websites said. It is among a small number of foreign companies which have factories in Iran, which notably also includes French automaker Renault. Others, such as South Korean group Samsung, market their products in the Islamic republic. Some, particularly in the oil and gas sector, have operated in the country for some time, such as Frances Total and Anglo-Dutch Shell." (Agence France Presse, "Iran to punish firms trading with Israel," 1/12/09)

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"GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco." (The London Times, "American pressure threatens UK firms," 5/27/06)

"Kanematsu Corp. has been identified as potentially providing motor vehicles and electronic parts in Iran through its distribution service. In 2017, CalSTRS designated Kanematsu Corp. as “Under Review” for potentially having ties to Iran. CalSTRS maintained the “Under Review” status in 2018. In 2019, CalSTRS moved Kanematsu Corp. to a “Being Monitored” status. CalSTRS has maintained the “Being Monitored” status in 2020."

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In 2017, CalSTRS designated Kanemetsu Corp. as “Under Review” for potentially providing motor vehicles and electronic parts to Iran through their distribution service. CalSTRS maintained the “Under Review” designation in 2018.

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In 2017 the U.S. state of California listed Kanemetsu Corp. as a company under review for potentially providing motor vehicles and electronic parts to Iran through their distribution services.

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Lists a location in Tehran, Iran on its company website.

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"Conservative Japanese firms have so far held off taking Iranian crude due to a lack of internationally acceptable insurance coverage, but are looking at ways of using cover provided by the Japanese government, the sources said. The traders seeking to restart purchases together imported around 50,000 barrels per day (bpd) of Iranian oil before sanctions were imposed and renewed purchases would give a boost to Tehran's aim of increasing its exports to 4 million bpd... ... Itochu Corp said it was considering resuming imports of Iranian oil, while trading house Kanematsu Corp which last bought Iran crude in 2010, is also looking to resume purchases at an early date, but has not yet lined up any customers, a company source told Reuters." (Reuters,  "Some Japan trading houses eye resuming Iran oil imports-sources," 10/19/2016).

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Company website list location in Tehran, Iran. (Company Website)