Iran Casting Industries is Iranian automotive company and it is owned or controlled by IRGC. Iran Casting Industries operates as a subsidiary of Bahman Group.
According to the official website of Iran Casting Industries, “www.ici.bahman.ir”, Iran Casting Industries is working with:
1. Iran Khodro
– One of biggest sharerholder in Iran Khodro Group is IDRO – State-owned enterprise associated with Iran’s Ministry of Industries and Mines. IDRO is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control on 11/5/2018;
2. SAIPA
– Owner of Saipa Corp. is IDRO with 35.75% shares;
3. Crouse Company
– Crouse Company is supplying and working with U.S. sanctioned entities;
4. Bahman Group
– Bahman Group is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 10.16.2018 pursuant to Executive Order 13224, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Andisheh Mehvaran Investment Company;
Iran Casting Industries (ICI) was established in 1987 with manufacturing of automotive iron casting parts and capacity of 14’500 ton per year for automotive & other castings parts.ICI is one of the pioneers casting manufacturer among Iran industry to producing diesel engines in accordance with the Mercedes-Benz technical standards since the beginning, and having a business with two great automotive companies IRAN KHODRO and SAIPA, also some reputable ones in Europe (PSA, Carraro and Gepalk) and South America (Brazil-AutoLinea).
Foreign working partners of Iran Casting Industries are:
1. PSA
2. Carraro
3. Gepalk
4. AutoLinea (Brazil)
5. SATA Engineering Company – (Germany)
6. Perardi e Gresino srl (Italy)
7. Roero
