ZF Friedrichshafen

Has presence in Iran. Mentioned as business partner with Shahab Khodro Company, entity owned by Astan Quds Razavi

Status:Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Risk Level:unknown %

Automotive industry supplier, specializing in engines and parts. Has presence in Iran;

ZF is listed as a participating company at the 14th International Exhibition of Transportation & Urban Services & Related Industries which takes place October 27-30th, 2016 in Tehran Iran;

In May 2016, ZF announced that it “is intensifying its business commitments in Iran. To this end, the company has opened up the ZF Pars SSK subsidiary, which will start to combine ZF’s business activities in the region.” Matthias Benz, Senior Vice President for Corporate Market at ZF, stated “‘[t]he Iranian market offers a great deal of potential.…The new Iranian subsidiary will enable us to concentrate our existing business activities, while also tapping into new business areas and acquiring new customers.’” Further, “[t]he business activities of this joint venture, which will continue to exist alongside the new ZF Pars SSK subsidiary, will be intensified; the production facility is also scheduled to be modernized and updated.” (ZF Website, “ZF Opens Subsidiary in Iran,” 6/15/2016);

In 2008 and 2014, ZF was reported as one of the “renowned German companies involved in major Iranian infrastructure projects, especially in the petrochemical sector;

ZF Friedrichshafen is mentioned as business partner with Shahab Khodro Company, entity owned by Astan Quds Razavi. Astan Quds Razavi is organization that sponsors terrorist organiations around the world;

Company ZF Friedrichshafen AG, supplies “truck cranes” to Iran. Iranian regime uses such cranes for public executions;

Automotive Industry

Also Known As:
ZF Friedrichshafen AG




Reason for the color:
» Shahab Khodro Company from Iran lists ZF Friedrichshafen from Germany as their business partner;
» ZF Opens Subsidiary in Iran;