Info:
Established in 1990, Esfarayen Industrial Complex aims to serve metal related industries both domestically and internationally. Specialized in manufacturing, R&D and technical service of forged steels is the largest manufacturer of heavy forged alloy steel in the Middle East;
According to the official website of Industrial Development and Renovation Organization of Iran (IDRO), Esfarayen Industrial Complex is a subsidiary of IDRO. IDRO – State-owned enterprise associated with Iran’s Ministry of Industries and Mines; Rostam Qasemi is a board member;
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Esfarayen Industrial Complex pursuant to E.O. 13871 for operating in the steel sector of Iran;
The Iranian metals sector is an important revenue source for the Iranian regime, generating wealth for its corrupt leaders and financing a range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for foreign terrorist groups, and a variety of human rights abuses, at home and abroad;
Action was taken pursuant to Executive Order (E.O.) 13871, which imposes sanctions on several sectors of the Iranian economy, including Iran’s steel sector, that continue to generate significant revenue for the Iranian regime;
Partners:
1. Pars Sarralle
– KMID’s Iran-based subordinate company Pars Sarralle Company is being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, KMID;
2. Canymes
– Canymes is working in Iranian steel sector, which is sanctioned by the U.S. Treasury Department. An executive order issued by U.S. covers Iran’s iron, steel, aluminum and copper sectors, the Islamic Republic’s largest non-petroleum-related sources of export revenue and 10% of its export economy;
3. INTECO
– “Russia’s INTECO Chairman and CEO Harald Holzgruber as well as Market Analyst in Turkish Steel Exporters Association Cihan Akdeniz were foreign guests who presented lectures on the opening day of ISMC 2017…Several steel giants, including Italy’s Danieli, Spain’s Sarralle Equipos Siderogicos, Germany’s SMS Group and Russia’s INTECO, have been actively participating in the Iranian industry though they seek to bolster ties with Iran. ” (Mehr News Agency, “Iran’s Steel Market in ‘New Normal’ Era,” 2/17/2017);
Industry:
Steel Industry
Also Known As:
EICO
Country:
Iran
Address:
No. 7 Alvand Alley Street, Ghaem Magham Farahani Avenue, Tehran 1589673711, Iran
Number 20, Alvand St., Ghaem Magham-e-Farahani Ave, Tehran, Iran
12th km of Bojnurd-Esfarayen Road, North Khorasan, Iran; PO Box 15745-513, Tehran, Iran
Website:
www.esfst.com
E-mail:
info@esfst.com
National ID No.:
89046 (Iran)