“Apollo Global Management disclosed that portfolio company Lyondell Basell Industries (Apollo funds owned 19.6%) reported collecting €4.2 million in revenue and €2.4 million in profit last year from Iranian entities.” (Quartz, “US-listed companies doing business in Iran,” 2013)
According to a settlement with the US Treasury Department signed March 14, 2019, "Stanley Black & Decker of New Britain, Connecticut is a diversified global provider of hand tools, power tools, and other mechanical tools and related services. GQ, located in China, is a subsidiary of Stanley Black & Decker that manufactmes and sells power tools.
On February 5, 2015 and June 4, 2015, Stanley Black & Decker submitted a voluntary self-disclosure to OFAC (ENF 42949), which it supplemented in response to OFAC's requests for information on May 25, 2017, April 5, 2018, and April 16, 2018.
Stanley Black & Decker began acquisition negotiations with GQ in 2011, during which the company engaged in due diligence and discovered GQ actively exported to Iran. Over the course of the ensuing negotiations, Stanley Black & Decker took steps to cease GQ's sales to, and transactions with, Iran and other OF AC-sanctioned countries prior to the acquisition date and made ceasing such sales a pre-requisite condition of the closing. GQ's representatives agreed to these terms and conditions."
According to Almeco's website, "Almeco was selected to realize a number of machines thanks to its in-depth knowledge and experience in the field of industrial fans.
These machines have been installed in various parts of the world. You can find them in countries such as Belgium, Germany, Spain, Sweden, Hungary, Finland and Iran."
Saeed Lift Co., an elevator service in Tehran, Iran, is the official representative of Alberto Sassi. Saeed Lift Co. manufactures machines using Alberto Sassi breaking systems.
Arsam Pishro, an Iranian company located in Tehran, lists Alco Controls products on its website and furthermore states that "Valves and Controls Alco, which is a subsidiary of Emersan products, has been able to fit our country into a good position in the air-conditioning industry with a wide range of products and brilliant backgrounds. Ventilation expansion valves and all types of jumpers are one of the most practical products of this company in Iran."
“Alco Valves is a wholly owned entity, we have no affiliation with Alderley, only in the conduct of supplying our product from time to time. The inclusion of Alco Valves on these Vendor Lists is before my tenure with the Business, the position of Alco Valves Group is to not knowingly supply direct to Iran, we conduct due diligence where applicable with our Distributors, however, we cannot guarantee that our Valves will not find their way to Iran via a 3rd or 4th party.” (October 20, 2021)
GHODS Group is a representative of Albert GmbH in Iran.
According to GHODS's website, "GHODS Commercial and Industrial Group was established with the aim to serve and support the Iranian Industry, Marine and Oil and Gas sector.
Through our main office located in Tehran, in close collaboration with our Partners worldwide, we provide a wide range of services to our clients including feasibility studies, engineering consulting, design and implementation, supplying material, machinery and equipment for the abovementioned sectors.
GHODS Group is the Sole representative of the German company Albert GmbH in Iran with more than 130 years of international experience in the general industry and marine sector."
Aerzen GmbH advertizes ties to GMI Projects Hamburg GmbH, a U.S. Tresury Department sanction-designated entity. According to a Treasury Department press release from January 5 2021, "GMI Projects Hamburg GmbH … and U.K.-based GMI Projects Ltd. are being designated for being owned or controlled by MIDHCO [Middle East Mines and Mineral Industries Development Holding Company].” Tehran-based MIDHCO, also sanctioned on January 5, is a critical part of Iran’s sanctioned metals and mining industry, with a “collective production capacity of over 19 million tons of steel, iron, and copper products.”
The website Taiwan Trade notes that Iran is a main export market for Advantech Co. Ltd.
According to TNC Website, "Ace Valves South Korea is one of the major valve manufacturer in the South Korea. Ace Valves as South Korean manufacturer has a largest sales revenue of valve product with utmost world production technology in Europe, USA, GCC and successful presence in Iranian oil, gas and petrochemical projects since 2007."
"We observe the strictest boycott of all Iran related businesses, and I am instructing our Export Manger to take immediate action tracing any third party suppliers that have breached the sanction regulations. Rest assured of our unqualified support for boycotting Iran. Please continue the good work of monitoring breaches of the Iran boycott..." (August 13, 2021).
Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.
I am terribly sad. Throughout my professional and personal life, whenever I was unsure of what to say or think, my friend, the Senator, was always there. He had a unique gift for finding the right words to match any feeling or emotion, often with humor, a smile, and laughter. Now, as I write this without his guidance and kind wisdom, I feel his absence deeply. Having the Senator by my side was one of life's greatest gifts to me, and I know I'm not alone in feeling profoundly touched by him. That was the Senator's great gift—he touched and guided so many of us, either personally or through his example. --Ambassador Mark D. Wallace