Cylinder System Ltd. is a Croatia-based company that has been controlled by EIKO. In October 2010, TEACO determined that Cylinder System Ltd. was poorly run, and EIKO ordered new management. Cylinder System Ltd. was subsequently transferred under the control of TEACO from Rey Investment Company. EIKO was also interested in procuring a bank in Central Europe and considered using Cylinder System Ltd. to facilitate this transaction;
Cylinder Systel Ltd designs, produces, sells and services seamless steel cylinders for storing compressed and liquefied gases. Exports the products to Bosnia and Herzegovina, Greece, Iran, Italy, Lithuania, Macedonia, Portugal, Serbia and Slovenia;
The company is controlled by the Execution of Imam Khomeini’s Order (EIKO) international financial network, an organization that acts on behalf of the Government of Iran;
It is acquired by investors in 2006, and operated under the name Kamani Beshavne Posude d.o.o. until February 2007. In 2007, 51% of shares were sold to Reyco GmbH Germany (a subsidiary of Tosee Eqtesad Ayandehsazan Company (TEACO));
The management of Cylinder System was transferred to TEACO from Rey Investment Company in 2010;
The current shareholders include Reyco Gmbh, Mohammad Amin Mahjoub, and Eshagh Hajizadeh;
Also Known As:
Cilinder Sistem D.O.O.
Cilinder System D.O.O. Za Proizvodnju I Usluge
Cylinder System Ltd. for Production and Services
Cylinder System Ltd.
Kamani Beshavne Posude d.o.o.
Kamani-Beshavne Posude d.o.o. za proizvodnju
CSC Cylinder Sistems Ltd.
Dr. Mile Budaka 1, 35000 Slavonski Brod, Brodsko-Posavska, Croatia
+385 35 441 627
+385 035 448 343
Person of interests:
Farhang Monem Moharram (Executive Director)
A. Khosroshahi (General Manager)
Mohammad Amin Mahjoub (Shareholder)
Eshagh Hajizadeh (Shareholder)
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 11/5/2018;
» 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 June 4, 2013;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as part of the Government of Iran, prohibiting transactions with U.S. parties;