Info:
In 2002, Fitco Company was founded and activities pertaining to marketing, sale and after sale services of magnetic systems were assigned to it by Fakoor Co. with concurrence of which export of magnetic systems to the international markets was embarked. In 2005, Fitco was developed with mission of supplying machinery, equipment and parts for group and industrial projects all over the country and obtaining agency from credible international manufacturers was included among the company objectives;
Involved in purchasing equipment and materials which have direct applications in the Iranian nuclear program;
FITCO is listed by the European Union on December 1, 2011 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems; with some exceptions, European Union member states must freeze all funds and economic resources owned, held or controlled by the listed entity, and prevent funds or economic resources from being made available to it;
Despite Europe sanctions on FITCO and involvement in Iranian nuclear program these companies are listed as FITCO suppliers, according to the official website of FITCO:
1. Haver & Boecker Germany
2. Rulli Rulmeca SpA Italy
3. Aviteq Germany
4. M&W Denmark
5. Nicro Italy
6. Indotherm India
7. TechnoMagnete Italy
8. WeiTeQ Germany
9. Italvibras Italy
10. DUNLOP India
11. VSI Italy
12. TongYang South Korea
13. SinoPES China
14. S+R Germany
15. Akhtuba Russia
16. Oriental
According to FITCO official website, their customers are:
1. Mobarakeh Steel Company
– OFAC designated Esfahan’s Mobarakeh Steel Company pursuant to E.O. 13224 for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Mehr Eqtesad Iranian Investment Company;
2. National Iranian Oil Company (NIOC)
– Iranian government energy company overseen by Iran’s Ministry of Petroleum; has provided support to the Islamic Revolutionary Guard Corps (IRGC); has awarded contracts to Khatam Al-Anbia, a construction and development wing of the IRGC;
3. Khouzestan Steel Company
– According to the official website of ASCOTEC, KSC – Khouzestan Steel Company is official business partner with ASCOTEC. KSC – Khouzestan Steel Company is Iranian entity; The ASCOTEC [established in 1990] is owned by the Iranian regime and is subordinate to the Iranian Ministry of Industries and Mines (IMIDRO);
4. Gol-e-gohar Mining & Industrail Company
5. Zaran Iranian Steel Company
BFT Trading FZCO, Dubai supplied Fakoor International Tehran Engineering Company (FITCO) with goods from Oriental Rubber Industries;
Also Known As:
Mobin Sanjesh
FITCO
Involved In:
Nuclear Weapon Program
Country:
Iran
Address:
Entry 3, No 11, 12th Street, Miremad Alley, Abbas Abad, Tehran, Iran
Phone:
+98 21 22922330
Website:
www.fitco-ir.com
E-Mail:
info@fitco.ir
Reason for the color:
» Added on consolidated list of financial sanctions targets in the UK;
» Listed by the European Union on December 1, 2011 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems; with some exceptions, European Union member states must freeze all funds and economic resources owned, held or controlled by the listed entity, and prevent funds or economic resources from being made available to it;