ASCOTEC Mineral & Machinery GMBH

Status:
Medium Alert – Entity sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations

Info:
Ascotec Mineral & Machinery GmbH is a Dusseldorf, Germany-based entity that is wholly-owned by Ascotec Holding GmbH;

Ascotec Mineral & Machinery GmbH is part of Iran’s foreign trade network;

Ascotec Holding GMBH is involved in the procurement of goods for Iran missile program;

Ascotec Holding GMBH is owned 70% by Khouzestan Steel Co. (KSC) and 30% by Mobarakeh Steel Co. (MSC), both of which are subsidiaries of the National Iranian Steel Company ( NISCO), which is affiliated with the Iranian Ministry of Industries and Mines;

Industry:
Supply & Procurement Steel
Steel & Raw Material Trading
Engineering
Development and Empowerment of the Steel Industry

Involved In:
Military Weapon Program
Missile Weapon Program

Also Known As:
ASCOTEC Mineral and Machinery GMBH
Reyeller Kaltband GMBH

Country:
Germany

Address:
Tersteegenstr. 10, Dusseldorf 40474, Germany

Phone:
+49 211 47 05 20

Website:
http://www.ascotec.com

E-mail:
[email protected]

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 August 3, 2010;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Ascotec Holding GMBH is involved in the procurement of goods for Iran missile program;

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