Also Known As:
Navid Composite Material Co.
Navid Composite Materials
No. 3, Alley 23, 16th Janbazan Street, North Kargar Avenue, Tehran, Iran
Produces carbon fiber; added on December 12, 2013 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; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.
According to the U.S. Department of the Treasury, has contracted with Asia-based entities since at least 2012 to produce a carbon fiber production line capable of producing 150 tons per year of carbon fiber "probably suitable for use in ballistic missile components"; is building a factory to produce carbon fiber in the Sepidrud Industrial Town of Rasht, a project that reportedly began in 2011-2012 with investment from the Industrial Development and Renovation Organization of Iran (IDRO); according to the head of IDRO, this factory will be capable of annually producing 120 tons of carbon fiber fabric, 150 tons of carbon fiber thread, and 600 tons of PAN (polyacrylonitrile) fibers; is cooperating with IDRO on a 450 billion rial project to produce special PAN (polyacrylonitrile) fibers and advanced carbon fibers.
A subsidiary of Sanam Industrial Group, which is involved in Iran's ballistic missile program; founded in Tehran in June 2011 to produce advanced fibers and import goods; personnel reportedly include Abbas Ebrahimi and Alireza Farsi (CEO); registration number is 405067; commercial card number is 447595.