Alstom

U.S. states of Iowa listed Alstom on state lists of companies doing business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors

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

Risk Level:unknown %

Info:
In 2017, the U.S. states of Iowa, listed Alstom on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Alstom ineligible for investment and/or state contracting;

Alstom announced a cooperation agreement is expected to be inked by Iran’s Industrial Development Renovation Organization, Trans Russ Company and France’s Alstom in a bid to manufacture passenger wagons, metro carriages and spare parts in Arak Pars Wagon (APW) complex;

French multinational rail transport company Alstom signed a deal with the Industrial Development and Renovation Organization of Iran (IDRO) and Iran Khodro Rail Transport Industries Company (IRICO) in Tehran on Monday for establishing a joint company to cooperate on railway projects;

In June 2017 Alstom entered into a joint venture with the IDRO and Iranian Rail Industries Development Co to build metro and suburban rail carriages in Iran. Alstom will hold 60% of the project;

French company Alstom is entering a joint venture with two Iranian companies to manufacture 1,000 subway wagons in three years;

Alstom has continued to deliver spare parts to Iran related to a train contract signed 15 years ago;

Alstom currently lists an office in Iran on its Web site, though spokesman Patrick Bessy said the company has not made any sales in Iran for several years, but their activities in Iran are currently active;

Industry:
Rail transportation

Also Known As:
Alsthom, GEC-Alstom

Established:
1928

Country:
France

Address:
Paris, Saint-Ouen France

Website:
www.alstom.com

E-mail:
info@alstom.com

Person of interests:
Henri Poupart-Lafarge (Chairman and CEO)

Reason for the color:
» U.S. states of Iowa, listed Alstom on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors;
» Alstom signed a deal with the Industrial Development and Renovation Organization of Iran (IDRO);