Produces cranes for use in the petrochemical, oil, nuclear power, steel, automotive, and defense sectors.

Provides financial and material support for Iran’s Islamic Revolutionary Guard Corps (IRGC), according to the U.S. Department of the Treasury; since at least 2014, has entered into contracts with IRGC to procure and install multi-ton, explosion-proof crane systems for the IRGC Research and Self-Sufficiency Jihad Organization.

Designs, produces, and manufactures overhead, gantry, and jib cranes for explosive and corrosive environments; has served as representative in Iran for companies based in Italy, Russia, and Switzerland.

Company officials have included Ehsan Saghafi (managing director) and Saeed Gholami (chairman); registration number is 126255; established in 1996.

Sanctions

Added on September 14, 2017, 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.

Listed by the Japanese government in 2025 as an entity of concern for proliferation relating to missiles.