Info:
Ascotec Japan K.k. is a Tokyo, Japan-based entity that is wholly-owned by Ascotec Holding GmbH;
Ascotec Japan K.k. is part of Iran’s foreign trade network;
A steel company involved in the procurement of raw materials, spare parts, and consumable materials;
Ascotec is involved in the procurement of goods for Iran missile program;
Supplies steel mills in Iran;
Exports Iranian steel products of the affiliated steel factories of National Iranian Steel Company (NISCO) (NISCO’s major steel plants include Mobarakeh Steel Company, Khouzestan Steel Co., Esfahan Steel Co., and Iran Alloy Steel Co.);
The Ascotec Holding GmbH [established in 1990] is owned by the Iranian regime and is subordinate to the Iranian Ministry of Industries and Mines (IMIDRO);
As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions;
Also Known As:
Ahwaz Steel Comm & Tech Services Branch Japan
Country:
Japan
Address:
8th Floor, Shiba East Building, 2 – 3 – 9 Shiba, Minato – ku, Tokyo 105 – 0014, Japan
Phone:
+81 3 57 65 28 18
Website:
http://www.ascotec.com
E-mail:
info@ascotec.com
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 11/05/2018 as an entity owned or controlled by the government of Iran;
» 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 August 3, 2010;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Ascotec Holding GMBH is involved in the procurement of goods for Iran missile program;