South Aluminum Company is an Iran-based aluminum producer who, in April 2020, completed construction of an advanced smelter able to produce 300,000 tons of aluminum products annually, significantly improving Iran’s aluminum ingot production. In Iran, the aluminum industry is considered a dual-use industry with portions of refined products used in the defense sector and the remaining available products used in various industries throughout the country;
South aluminum Company (SALCO) was established in Dec 2003.Based on Feasibility Study, the tender for construction of 1st phase with appr.310 kt/a held in April 2005 and an EPC contract was signed with CITIC/CHALIECO consortium in Dec 2005, construction activities commenced shortly after that;
51 % of the company’s stocks belong to Ghadir Investment Company and 49 % remainder belongs to Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO);
Also Known As:
South Aluminum Co.
No.35., 13th., Asadabadi Av., Tehran, Iran
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 June 25, 2020 pursuant to Executive Order 13871 for being owned or controlled by, directly or indirectly, Mobarakeh Steel Company;