Risk Level:
unknown %

Status:
Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Info:
AB SKF is a Swedish bearing and seal manufacturing company founded in Gothenburg, Sweden;

Despite U.S. sanctions on Iran, SKF from Sweden continues to work in Iran according to their official website.

Iran regime is responsible for funding terrorist organizations, sponsoring terrorist attacks around the world, killing American soldiers and building weapons of mass destruction;

In 2017, CalSTRS designated SKF AB as “Under Review” for reportedly providing bearing and lubrication products to Iran CalSTRS maintained the “Under Review” designation in 2018;

Lists SKF Eurotrade AB – Iran on its company website as its location in Iran;

“’Iran is a country with both car and oil industries, and a lot of other industrial sectors as well,’ said Alrik Danielson, head of SKF, the ball bearings giant. ‘If all sanctions and obstacles to business disappear, it will naturally be a positive development for us.'” (The Local, “Swedish CEOs see big Potential in Iran,” 7/19/15);

Subsidiaries:
GLOi
Kaydon Corporation
Blohm + Voss Industries
General Bearing Corp.
Alemite
Lincoln
Reelcraft

Industry:
Manufacturing

Also Known As:
AB SKF

Country:
Sweden

Address:
Gothenburg, Sweden
4th Floor, No. 24 Arjantin Square Tehran Iran

Phone:
+98-21-88723767

Website:
www.skf.com
www.iran-skf.com

E-mail:
info@skf.com
info@iran-skf.com

Person of interests:
Hans Stråberg (Chairman)
Alrik Danielson (President & CEO)
Hadi Daneshjou – Managing director (Iran )

Reason for the color:
» Despite U.S. sanctions SKF continues to work in Iran;


You May Be Interested

IFMAT Color Guide

×
We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.