Involved in procurement for Iran's missile program; listed by the European Union on May 23, 2011 as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; removed from the E.U. list in November 2013; designated by the Canadian government as an entity contributing to Iran's proliferation-sensitive nuclear activities or to its development of chemical, biological, or nuclear weapons or their delivery systems; Canadian sanctions removed in February 2016.

Reportedly facilitated Iran's payment for illicitly-obtained Kh-55SM nuclear-capable air-launched land-attack cruise missiles from Ukraine, using a fictitious deal for oil refinery equipment with S. H. Heritage Holding Ltd., a Cypriot holding company, to conceal the transaction; Ukraine's prosecutor-general reportedly acknowledged that 12 missiles were exported to Iran in 2001.

Manufactures and supplies centrifugal gas compressors, turbo compressors and turbo generators;[9] customers include the National Iranian Gas Company (NIGC), Pars Oil and Gas Company (POGC), and National Petrochemical Company (NPC).