An Iran-based resin manufacturer overseen by Mitra Inanlu, who is involved in the procurement of proliferation-sensitive material for Iran's nuclear and other military programs, according to the U.S. Department of Treasury.

Manufactures accelerators, cobalt resin, composite parts, epoxy resin, fireproof polyester resin, gel coats, separating waxes, specialized adhesives, unsaturated polyester, vinyl ester-based glue, and other composite materials.

Established in 2014.

Sanctions

Added on March 20, 2024, 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 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; also subject to the Iranian Financial Sanctions Regulations, which restricts the use of the U.S. financial system for transactions involving Iranian entities.

Foreign parties facilitating transactions for the entity or otherwise assisting the entity may be subject to U.S. sanctions; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States; subject to heightened U.S. export license requirements (with a presumption of denial) due to involvement in activities related to WMD proliferation.