Info:
Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emission and to the development of intuitive driving;
According to the official website of Crouse Company (Iranian entity), Valeo is partner with Crouse Company;
Crouse Company in Iran is working with OFAC-designated entities. Iranian partners of Crouse Company are: Bahman Group, Iran Khodro, Renault Pars, SAIPA. These entities are controlled by Iran Regime and IRGC. IRGC is designated as terrorist organization;
“According to a joint venture contract, Iranian Ezam Automotive Parts Group will technically cooperate with German Bosch Company as well as French Valeo to supply automotive parts, added the Iran Daily News report.” – (August 20, 2017);
In 2005, Valeo entered into a joint venture with Armco Group. Valeo acquired an interest of 51% in the joint venture, Valeo Armco Engine Cooling Co, with the remaining 49% of equity held by the Armco Group. The joint venture produces engine cooling systems, operating from a production facility in Saveh, near Teheran, where it employs 120 workers. – (Just Auto, Global market review of automotive engine cooling systems–forecasts to 2013, Matthew Beecham, June 1, 2007);
Despite U.S. sanctions on Iran regime for sponsoring terrorist organizations, building weapon of mass destruction, working on production of new ballistic missiles and threats to destroy other countries, Valeo from France continues to work in Iran;
Industry:
Automotive Industry
Also Known As:
Valeo Company
Country:
France
Website:
www.valeo.com
E-mail:
info@valeo.com
Reason for the color:
» Foreign partners of Crouse Company – Iran;
» Crouse Company is working with entities sanctioned by US;