Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;
Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation
Info:
OFAC designated South Kaveh Steel Company pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
South Kaveh Steel Company (SKS Co.) is one of the greatest investments of the Islamic Revolution Mostazafan Foundation (IRMF) in field of steel production, of which the construction started in 2007 in a 170-Hectare land in the Persian Gulf Special Economic Zone of the Mining and Metal Industries in Bandar Abbas region. of the first goals of this company is to complete Steel production chain process from mine to steel components, in order to be present among the first three superior producers;
KMID’s Iran-based subordinate company, South Kaveh Steel Company is being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, KMID;
Kaveh Pars Mining Industries Development Company (KMID), the holding company for Bonyad Mostazafan’s mining and metals companies, is being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, Bonyad Mostazafan;
Bonyad e-Mostazafan Foundation is controlled by the Islamic Revolutionary Guards Corps (IRGC) and Supreme Leader of Iran. Mostazafan Foundation made deals with the terrorist organization IRGC and it’s 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 November 18, 2020 pursuant to Executive Order 13876 for being owned or controlled by, directly or indirectly, the Supreme Leader of Iran;
Taghtiran Industrial Group is working with South Kaveh Steel Company according to the official website of Taghtiran Industrial Group;
Involved In:
Nuclear Weapon Program
Industry:
Steel Industry
Also Known As:
Kish South Kaveh Steel Company
SKS Steel Company
SKS CO.
Country:
Iran
Address:
No. 1/2 Seventh Ave., North Falamak-zarafshan intersections, Phase 4, Shahrak-E Gharb, Tehran, Iran
Persian Gulf Special Economic Zone, 13th Km Shahid Rajaee Highway, Bandar Abbas, Hormozgan, Iran
Next to Behjat Park, No. 12, Apartment Complex Kaveh Golabi Stre, Karimkhan Zand Avenue, Tehran, Iran
Website:
www.sksco.co
E-mail:
info@sksco.co
National ID No.:
10861569320 (Iran)
Registration Number:
7103 (Iran)
Reason for the color:
» 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 November 18, 2020 pursuant to Executive Order 13876 for being owned or controlled by, directly or indirectly, KMID;
» 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 January 10, 2020 pursuant to Executive Order 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
