Renault Pars

ifmat - Renault Pars High Alert

Owned by Renault and Iran's Industrial Development Renovation Organisation (IDRO)

Country:

Iran  

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

Info:
Renault Pars is an Iranian joint venture established in 2004 and owned by Renault and Iran’s Industrial Development Renovation Organisation (IDRO);

The company is in charge of managing the assembly of CKD Renault cars by local manufacturers Iran Khodro and Iran Saipa’s Pars Khodro;

The company is held 51% by Renault, French leading automotive company, pioneer in the production of zero emission and eco friendly vehicles in the world and 49% by AIDCO, Automotive Industrial Development Company;

Established:
24 March 2004

Industry:
Automotive Industry

Country:
Iran

Address:
Tehran Iran

Managed by:
Renault (51%)
IDRO Group (49%)

Reason for the color:
» Renault was the only western carmaker company that did not leave the country and maintain its presence in Iran while taking measures to avoid the risk of penalties for breaching renewed US sanctions when the sanctions against Iran intensified;