Navid Composite Material Company

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Also Known As:
Navid Composite Material Co.
Navid Composite Materials
Navid Composite

Involved In:
Missile Weapon Program

Country:
Iran

Address:
No. 3, Alley 23, 16th Janbazan Street, North Kargar Avenue, Tehran, Iran

Person of interests:
Abbas Ebrahimi;
Alireza Farsi (CEO);

Reason for the color:
» Added on December 12, 2013 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions;
» According to the U.S. Department of the Treasury, has contracted with Asia-based entities since at least 2012 to produce a carbon fiber production line capable of producing 150 tons per year of carbon fiber “probably suitable for use in ballistic missile components”; is building a factory to produce carbon fiber in the Sepidrud Industrial Town of Rasht, a project that reportedly began in 2011-2012 with investment from the Industrial Development and Renovation Organization of Iran (IDRO);

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