A Croatia-based manufacturing company; designs, produces, sells, and services seamless steel cylinders for storing compressed and liquefied gases; exports to Bosnia and Herzegovina, Greece, Iran, Italy, Lithuania, Macedonia, Portugal, Serbia, and Slovenia.

Controlled by the Execution of Imam Khomeini's Order (EIKO) international financial network, an organization that acts on behalf of the Government of Iran; acquired by investors in 2006, and operated under the name Kamani Beshavne Posude d.o.o. until February 2007; in 2007, 51% of shares were sold to Reyco GmbH Germany, a subsidiary of Tosee Eqtesad Ayandehsazan Company (TEACO); management of Cylinder System was transferred to TEACO from Rey Investment Company in 2010; shareholders include Reyco Gmbh, Mohammad Amin Mahjoub, and Eshagh Hajizadeh.

Company officials have included Farhang Monem Moharram (executive director) and A. Khosroshahi (general manager).

Identification number is 2059495; registration number is 050038884; tax identification number (OIB) is 27694384517.

Established in 2006.

Sanctions

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.

Previously added to the SDN list on June 4, 2013, pursuant to Executive Order 13599; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties.