Iran International Engineering Company

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

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

Info:
Iran International Engineering Company (IRITEC), was established in 1975 with the cooperation of National Iranian Steel Industries Company, Bank of Industry and Mine and former Italian Company “ITALIMPIANTI” as shareholders to provide engineering services to Iranian Steel Industries. Iran International Engineering Company (IRITEC) is one of the most successful general contractors in the country’s industry with over four decades of experience and benefiting from the skill and knowledge of its experts;

IRITEC is working on projects that are owned by sanctioned/designated entities by the U.S. Treasury Department:
1. Mobarakeh Steel Company
OFAC designated Esfahan’s Mobarakeh Steel Company pursuant to E.O. 13224 for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Mehr Eqtesad Iranian Investment Company. Mehr Eqtesad Iranian Investment Company, acts as an intermediary for the economic entrenchment of the Basij and Bonyad Taavon Basij, both connected to IRGC;

2. National Iranian Oil Company
– Iranian government energy company overseen by Iran’s Ministry of Petroleum, has provided support to the Islamic Revolutionary Guard Corps (IRGC), has awarded contracts to Khatam Al-Anbia, a construction and development wing of the IRGC;

3. Iranian Mines and Mining Industries Development and Renovation Organization
– The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is an Iran-based entity that is owned or controlled by Iran’s Ministry of Industries and Mines. IMIDRO is a major holding company that provides services to and aims to expand Iran’s mining and mineral goods sector;

4. Arfa Iron & Steel Company
– Shareholders of Arfa Iron & Steel Company are companies that have connections to the terrorist organizations IRGC;

5. Industrial Development and Renovation Organization of Iran (IDRO)
– Controls companies involved in work for Iran’s nuclear and missile programs and is involved in the foreign procurement of related manufacturing technologies, according to the European Union;

Owns shares in: Foolad Paya Engineering;

Partners:
– Iron Ore excavation: Simons (Canada) – Famur (Poland)
– Concentration & Pelletizing: Outotec (Finland)
– DRI: done by Our MIDREX licensee
– Steel making plant & CCM: SMS Group (Germany) – Tenova (Italy)
– Final products: SMS Group (Germany)

Subsidiaries:
1. IRASCO
2. BIDEC (engineering services)
3. PAMICCO (construction services)
4. IKA (Techinical Inspection & Surveillance)
5. IKA SAKHT (Equipment Manufacturing workshop)
6. IRIKA (Engineering & Commercial services) – Germany – Dusseldorf
7. IMECCO (Mining Consultant)
8. TAMCO (Equipment Supply)

Also Known As:
IRITEC
Iritec Engineering Company

Country:
Iran

Address:
#6, Attar st., Vanak sq. postal code: 1994643683

Phone:
0098-21-812801-4

Website:
www.iritec.com

E-mail:
marketing@iritec.com
Info@Iritec.com

Person of interests:
Farokh Alipour

Reason for the color:
» IRITEC is working on projects controlled by US-sanctioned entities;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.