Sogeval SA

Sogeval is the parent comapny to American subsidiary Sogeval Laboratories Inc. located in Texas.

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"Peugeot Citroen SA and hundreds of smaller firms are feeling the sting of sanctions against Tehran as the French government withholds 220 million euros set aside by an Iranian bank for future payments for exports . . . The holdup has also dealt a blow to smaller companies by preventing them from fulfilling and receiving payment for pledged deliveries to Iran of European goods not under sanctions . . . The French Treasury has refused to release any of the money previously set aside in a Bank Tejarat account in Paris to guarantee payments for exports . . . If Tejarat's funds are eventually released, one option is to use some or all of the EUR220 million to finance export deals by 200 French and German companies that also have blocked letters of credit from Iran, the people familiar with the situation at Tejarat said. Mecatherm SA of Schirmeck, eastern France, which exports bakery ovens to Iran, and Sogeval SA, of Laval, western France, which markets its veterinary products in the Islamic Republic, are among those in this situation, the people said. The companies didn't answer messages seeking comment." (Dow Jones, "France Withholds Funds From Peugeot Over Iran Sanctions Fears -Sources," 8/21/12)