Info:
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Zarand Iranian Steel pursuant to E.O. 13871 for operating in the steel sector of Iran;
Iran-based Middle East Mines and Mineral Industries Development Holding Company (MIDHCO), a metals and mining holding company that includes steelmakers Sirjan Iranian Steel and Zarand Iranian Steel Company, has a collective production capacity of over 19 million tons of steel, iron, and copper products;
MIDHCO encompasses seventeen subsidiaries, including fully owned companies in Germany, China, and the United Kingdom;
MIDHCO’s Germany-based subsidiary GMI Projects Hamburg GmbH paid foreign companies for procurement of parts and machinery on behalf of Sirjan Iranian Steel and Zarand Iranian Steel Company;
MIDHCO’s China-based subsidiary World Mining Industry Co., Ltd. seeks to develop business relationships with Chinese suppliers in the industry;
MIDHCO is being designated for owning, controlling, or operating Sirjan Iranian Steel and Zarand Iranian Steel Company, entities that are part of the steel sector of Iran;
GMI Projects Hamburg GmbH, World Mining Industry Co., Ltd., and U.K.-based GMI Projects Ltd. are being designated for being owned or controlled by MIDHCO;
Industry:
Steel Industry
Also Known As:
Zarand Iranian Steel Company
Zarand Iranian Steel Co.
ZISCO
Established:
2011
Country:
Iran
Address:
No. 35, flats No. 3 and 4, 2nd Floor, Street No. 27, Tehran, West Kordestan, Iran
No. 113, Between Soleiman Khater & Sohrawardi Street, Motahari Avenue, Tehran 1576918911, Iran
PO Box 1437747334, Tehran, Iran
Phone:
021-88757321-4
Website:
www.zisco.midhco.com
E-mail:
info@zisco.midhco.com
National ID No.:
333265 (Iran)