Foolad Paya Eng. Co.

Owned and controlled by the Iran Regime

Status:High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Risk Level:89%

May harm your business future.

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Paya Steel Engineering and Technology Co., started in 1994 with the aim of providing technical and engineering services and self-sufficiency in supplying and manufacturing spare parts and equipment of steel, mines, oil, gas and petrochemical industries in the vicinity of Khuzestan steel;

Foolad Paya Engineering Company according to their official website it is owned and controlled by regime owned entities. Shareholders of Foolad Paya are:
– The ASCOTEC is owned by the Iranian regime and is subordinate to the Iranian Ministry of Industries and Mines (IMIDRO). ASCOTEC it is 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);

– Regime owned entity;

Income from Foolad Paya Engineering, Iran Regime uses to sponsor terrorist organizations, terrorist attacks around the world, develop nuclear weapon of mass destruction and build weapons to threaten to destroy other countries. Working with this entity is risky for your business.

Also Known As:
Foolad Paya Engineering Co.
Foolad Paya Eng. Co.

Involved In:
Missile Weapon Program


No. 142, Opposite of Ararat Park, Vanak Street, North Shirazi Street, Tehran, Iran

(+98) 21 88614376



Reason for the color:
» Shareholders of Foolad Paya Engineering;
» Has been affiliated with AscoTec (a.k.a. Ascotec GmbH), a steel company active in Iran and owned by subsidiaries of the National Iranian Steel Company (NISCO), which is affiliated with the Iranian Ministry of Industry and Mines;
» Ascotec is involved in the procurement of goods for Iran missile program;