Also Known As:
Ascotec Holding GMBH
Ahwaz Steel Commercial & Technical Service GMBH Ascotec
Ahwaz Steel Commercial and Technical Service GMBH Ascotec
Ahvaz Steel Commercial and Technical Service GmbH
Ahwaz Steel Commercial and Technical Service GmbH (ASCOTEC)
43rd Avenue 36, Tehran, Iran
Tersteegenstr. 10, 40474 Duesseldorf, Germany
West Nazar St, Khaje Petross no 11/13, P.O. Box 81735-314, Isfahan 81757, Iran
49 (0)211 470 52 (0)
49 (0)211 45 24 94
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.
Denied U.S. export privileges for a period of five years, beginning November 17, 2003, in conjunction with a settlement for allegedly committing eight violations of the U.S. Export Administration Regulations; agreed to pay a $50,000 fine in conjunction with the settlement; charged with causing the exportation of vehicle spare parts, computer components, spare parts for mining machinery, switches, rotary hammers, pneumatic hammers and chisels, and electromotors, from the United States to Iran, via Germany, without the required authorization.
A steel company involved in the procurement of raw materials, spare parts, and consumable materials; 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.); affiliated with Ascotec Japan K.K. (a.k.a. Ahwaz Steel Comm & Tech Services Branch Japan), Breyeller Kaltband GmbH (BKG) (Germany), Breyeller Stahl Vertrieb und Verwaltung Gesellschaft mbH (BSG) (Germany), Breyeller Spalt und Service Center GmbH (BSSC) (Germany), Esfahan Steel Co. (ESCO) (Iran), Industrial Commercial Services Co. (ICS) (Russia), Irasco SRL (IRASCO) (Italy), Mines & Metals Engineering GmbH (MME) (Germany), Metal & Mineral Trade Sarl (MMT) (Luxembourg), and United Steel Industrial Co. (K.S.C.C.) (UNISTEEL) (Kuwait); maintains branches in Tehran (Ascotec Tehran - Ahwaz Steel Comm & Tech Services and MME Tehran - Mines & Metals Engineering) and Ahwaz (MME Ahwaz - Mines & Metals Engineering); owned 70% by Khouzestan Steel Co. (KSC) and 30% by Mobarakeh Steel Co. (MSC), both of which are subsidiaries of the National Iranian Steel Company ( NISCO), which is affiliated with the Iranian Ministry of Industries and Mines.
Registration ID is HRB 26136 (Germany).