ASCOTEC Holding GMBH

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

Info:
A steel company involved in the procurement of raw materials, spare parts, and consumable materials;

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

Supplies steel mills in Iran;

Exports Iranian steel products of the affiliated steel factories of National Iranian Steel Company (NISCO) (NISCO’s major steel plants include Mobarakeh Steel Company, Khouzestan Steel Co., Esfahan Steel Co., and Iran Alloy Steel Co.);

Affiliated with Ascotec Japan K.K. (a.k.a. Ahwaz Steel Comm & Tech Services Branch Japan), Breyeller Kaltband GmbH (BKG) (Germany), Breyeller Stahl Vertrieb und Verwaltung Gesellschaft mbH (BSG) (Germany), Breyeller Spalt und Service Center GmbH (BSSC) (Germany), Esfahan Steel Co. (ESCO) (Iran), Industrial Commercial Services Co. (ICS) (Russia), Irasco SRL (IRASCO) (Italy), Mines & Metals Engineering GmbH (MME) (Germany), Metal & Mineral Trade Sarl (MMT) (Luxembourg), and United Steel Industrial Co. (K.S.C.C.) (UNISTEEL) (Kuwait);

Maintains branches in Tehran (Ascotec Tehran – Ahwaz Steel Comm & Tech Services and MME Tehran – Mines & Metals Engineering) and Ahwaz (MME Ahwaz – Mines & Metals Engineering);

The Ascotec Holding GmbH [established in 1990] is owned by the Iranian regime and is subordinate to the Iranian Ministry of Industries and Mines (IMIDRO);

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 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 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions;

Also Known As:
Ascotec Holding GMBH
Ahwaz Steel Commercial & Technical Service GMBH Ascotec
Ahwaz Steel Commercial and Technical Service GMBH Ascotec
Ahvaz Steel Commercial and Technical Service GmbH
ASCOTEC
Ascotec GmbH
AscoTec GmbH
Ahwaz Steel Commercial and Technical Service GmbH (ASCOTEC)

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

Involved In:
Military Weapon Program
Missile Weapon Program

Established:
1990

Country:
Germany

Address:
43rd Avenue 36, Tehran, Iran
Tersteegenstr. 10, 40474 Duesseldorf, Germany
West Nazar St, Khaje Petross no 11/13, P.O. Box 81735-314, Isfahan 81757, Iran

Phone:
49 (0)211 470 52 (0)

Website:
http://www.ascotec.com

Email:
[email protected]

Person of interests:
Ahmad Katani

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 11/05/2018 as a entity owned or controlled by the government of Iran;
» 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;
» Denied U.S. export privileges for a period of five years, beginning November 17, 2003, in conjunction with a settlement for allegedly committing eight violations of the U.S. Export Administration Regulations; agreed to pay a $50,000 fine in conjunction with the settlement; charged with causing the exportation of vehicle spare parts, computer components, spare parts for mining machinery, switches, rotary hammers, pneumatic hammers and chisels, and electromotors, from the United States to Iran, via Germany, without the required authorization;
» ASCOTEC Group is a 100% subsidiary of IMIDRO (Iranian Mines and Mining Industries Development an Rennovation Organization) which is a sub-division of the Iranian Ministry of Industry, Mine & Trade;
» Ascotec is involved in the procurement of goods for Iran missile program;

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