Kobe Steel
On February 14, 2020, the IPERS removed Kobe Steel from its Iran Prohibited Companies List.
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As of August 15, 2019, the state of Iowa listed Kobe Steel on its Iran scrutinized companies list.
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In 2017 the U.S. state of Michigan listed Kobe Steel as an Iran restricted company rendering Kobe Steel ineligible for investment and/or state contracting.
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Kobelco is the imprint of the Kobe Steel Group, a Japanese metals company that also manufactures construction equipment. As of 2007, they were the 8th largest crane manufacturer in the world. Kobelco has a strong US presence through subsidiary Kobelco North America.
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Kobelco cranes and construction equipment are sold through an exclusive Iranian distributor, Persia Sanat Machine Co., which makes the full line of Kobelco construction equipment available for purchase in Iran.
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