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As of May 17, 2021, Iowa's Public Employee's Retirement System lists FLSmidth on its Iran Scrutinized Companies List.

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"The company has been identified as potentially providing mineral and cement services in Iran. In 2019 CalPERS designated the company as under review. In 2020 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS continues to monitor the company for possible changes in status relevant to the Act."

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As of August 15, 2019, the state of Iowa listed FLSmidth on its Iran scrutinized companies list.

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In 2017, CalSTRS designated FLSmidth & Co. A/S as “Under Review” for reportedly opening a new office in Iran to service mineral and cement customers. CalSTRS maintained the “Under Review” designation in 2018.

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In 2018 the U.S. state of Iowa listed FLSmidth on its Iran prohibited companies list requiring divestment and rendering FLSmidth ineligible for investment and/or state contracting.

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"FLSmidth is a global engineering company based in Copenhagen, Denmark. With almost 13,000 employees worldwide, it provides global cement and mineral industries with factories, machinery, services and know-how.  “FLSmidth has a very long time history in Iran. We have been here for more than 80 years. So, we feel actually that we have been all the time. Sometimes, we had a permanent representative and sometimes we have worked from aboard,” Kristensen explained." (August 2016)  Response: “FLSMidth has not agreed to participate in the Iran Post Sanctions Business Forum in Berlin on January 24-25, 2017.”

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"Denmark's FLSmidth has selected Iranian Ehdas San'at Company as its representative for the implementation of projects and services in Iran. Managing Director of Ehdas San'at Morteza Hashempour and the Director of FLSmidth, Thomas Schulz, have signed a scientific, technical and economic cooperation memorandum of understanding to cooperate in the cement industry in Tehran. Ehdas San'at has agreed to a close cooperation with FLSmidth in the field of producing related equipment and constructing new projects, as well as the optimisation and reconstruction of existing cement plant." (October 8, 2015).

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"Also on Wednesday, the Danish engineering firm FLSmidth informed the advocacy group United Against Nuclear Iran that it would be pulling out of the forum. A spokesman for the firm confirmed the withdrawal to me." (The Wall Street Journal, "About Those Iran Sanctions," 10/16/14)

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On its Company Website, GGI lists a "member firm" in Tehran called Kashefan Audit Firm. 

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GGI has an extensive U.S. presence.

"German steel plant maker SMS Group signed a $400 million deal in February last year to expand capacity of an Iranian steel plant. However, it has put its plans on ice and is wrapping up its business in the country." (5/24/2018).

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"During a two-day visit to Tehran the German economy ministry said several firms from the Mittelstand, the small-to-medium-sized companies that form the backbone of the economy, had also signed deals with Iranian partners. These included SMS group, a builder of steelmaking plants, and INTRA industrial solutions." (Reuters, "Siemens signs Iran rail contract as Germany drums up business," 10/3/2016). 

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“As economic sanctions eased last month under a temporary accord, Iran is shaping up as a hot, untapped opportunity for Western steel exporters, particularly high-grade varieties…About 45 producers sent representatives to a steel conference last month in Tehran to study export opportunities and investing in Iran’s domestic industry, Karbasian said. More than 10 steelmakers contacted by Bloomberg declined to comment or said they hadn’t attended the event…Germany’s SMS Siemag gave addresses at the steel event in Tehran, Karbasian said…A spokesman for SMS, which sells equipment to the steel industry, said it attended the conference to rebuild relationships in the country. The company, which has done business in Iran for more than 25 years, said while it’s products were not covered by sanctions it had halted trade as its customers struggled to access finance for deals.” (Bloomberg, “Iran Thaw Seen Re-Stoking $6 Billion Market for Steel,” 3/12/14)

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“The German SMS Siemag company is ready for investment in Iranian steel projects, president and CEO of SMS Siemag, Burkhard Dahmen said, Tasnim news agency reported on Dec. 4. Dahmen made the remarks during a meeting with head of the Iranian Mines & Mining Industries Development and Renovation Organization (IMIDRO), Mahdi Karbasian in Tehran. Dahmen underlined that the EU policy towards boosting relations with Iran is a new opportunity which should not be lost. During the meeting two sides agreed that SMS Siemag to involve in joint venture with other international steel companies in Iranian steel projects. SMS Siemag has earlier participated in some steel projects in Iran including the Hormozgan and Mobarakeh steel plants.” (Trend, “German company ready to invest in Iranian steel projects," 12/6/13)

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In 2006, SMS Siemag, then called SMS Demag, helped to build a “turnkey iron and steel plant in the Iranian province of Hormozgan, not far from the provincial capital of Bandar Abbas, [Iran].” (Press Relase, "SMS Demag AG builds an iron and steel plant on the Persian Gulf,” 6/21/06)

"Russia's NLMK sees ‘no opportunities’ in Iran despite lifting of sanctions. Russia’s largest steelmaker, Novolipetsk Steel (NLMK), has said it sees no significant opportunities for steel product sales in Iran, despite the lifting of international sanctions." (2016)

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A 2009 NLMK report states that Iran is one of the “leading importers of [NLMK] products…in the Middle East.”

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NLKM Group holds three US "Group" Members: NLKM Pennsylvenia, NLKM Indiana, and  NLMK Sharon Coating.

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“As economic sanctions eased last month under a temporary accord, Iran is shaping up as a hot, untapped opportunity for Western steel exporters, particularly high-grade varieties. ArcelorMittal (MT) and Russia’s OAO Novolipetsk Steel have mills in central Asia that supplied Iran before sanctions in 2007, when it imported 12.2 million tons a year of the metal, valued at $6 billion today. Other steelmakers are quietly testing the waters…About 45 producers sent representatives to a steel conference last month in Tehran to study export opportunities and investing in Iran’s domestic industry, Karbasian said. More than 10 steelmakers contacted by Bloomberg declined to comment or said they hadn’t attended the event…Russian producers including Novolipetsk say geographical and infrastructure links with Iran will create opportunities for them too…’It’s a big market for steel,” said Oleg Bagrin, chief executive officer of Novolipetsk, which used to export to Iran. “We could go back if sanctions are lifted.’” (Bloomberg, “Iran Thaw Seen Re-Stoking $6 Billion Market for Steel,” 3/12/14)

According to its Company Website, Iran is part of Russian Railways’ “North-South Corridor.” This corridor is “part of a strategic partnership with the countries to the south and [Russian Railways] duly signed an Intergovernmental Agreement on its construction with India and Iran in September, 2000.” 

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"Russian Railways OJSC plans to build and electrify the railway from Iran to Azerbaijan and further to Russia, RIA Novosti reported. The chairman of the State Duma Committee (lower house of the Federal Assembly of Russia) on transport Evgeniy Moskvichev made the remarks commenting on the issues that will be discussed during the visit of the State Duma Speaker Sergey Naryshkin on November 16-17." (Trend, "Russia to build railway from Iran toward Azerbaijan," 11/17/14)

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"Russian Railways has signed a memorandum of understanding with Iranian Railways to expedite the implementation of rail projects in Iran. The 6th meeting of Iran-Russia transport cooperation working group was held in Tehran, Iran's Mehr news agency reported on August 27. Russian Railways agreed to expedite the implementation of the Garmsar-Incheborun railway project as well as the establishment of the Qazvin-Rasht-Astara railway which is intended to connect Iran's railway to Azerbaijan and Russia. The Qazvin-Rasht-Astara railway, with a length of 375km is currently the missing link in the North-South corridor, which, when completed, will extend from Northern Europe to Southeast Asia." (Trend, "Russia to expedite railway projects in Iran," 8/27/14)

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"Russian Railways company is holding talks with Iran to electrify 600 kilometers of railroads in the Islamic Republic, the company's deputy president announced. 'It is a concrete project, which was discussed with the Iranians literally last week,' Russian Railways deputy president Alexander Saltanov was quoted by the Moscow Times as saying. Delegations from Russian Railways and its subsidiary Russian Railways International will go to Iran 'in the near future' to work through the technical side of the venture, he added on Tuesday. The total cost of the project has not been determined, but could exceed 1 billion euros ($1.4 billion), Saltanov said." (Tasnim News, "Russian Railways to Electrify 600km of Iran’s Railroads," 7/9/14)

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“The president of Iranian Railways, Mohsen Pour Seyed Aqaei and chairman of the Council of the Board and president of Russian Railways JSC, Vladimir Yakunin discussed six rail projects, Iran's IRIB news agency reported on May 10. Heads of the railways of Iran, Russia, and Azerbaijan agreed that the Rasht-Astara railway to be built by Russia. Also, the Azerbaijani side will extend the railway from Iran-Azerbaijan border into Azerbaijan's territory. Mohsen Pour Seyed Aqaei said Iran is ready to revise transit tariffs in order to increase the volume of goods which are transited through the country. The 60th meeting of the Council on Rail Transport wrapped up on May 7, 2014 in Astana, capital of Kazakhstan. Iran requested the inclusion of Iran's railway administration as an associate member of the Council. Qazvin-Rasht-Astara railway in Iran will connect North Europe to Southeast Asia. Qazvin-Rasht-Astara railway, with a length of 375km, is intended to connect Iran's railway to Azerbaijan and Russia, Fars news agency quoted Iranian Railways Company's managing director Mohsen Pour Seyed Aqaei as saying on April 23…The railway is estimated to carry 1.4 million passengers and from five to seven million tonnes of cargo per year…The railway had been scheduled to be inaugurated this year, but the project is faced with a budget deficit, he added. If the financial problem is resolved, the railway will be inaugurated next year.” (Trend, “Russia to build railway in Iran,” 5/10/14)

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“Russia's economy chief on Wednesday announced plans to visit Iran amid reports of the two sides nearing a mammoth oil-for-goods deal that has raised consternation in the United States. Economy Minister Alexei Ulyukayev told Russian media his late April trip would focus on a ‘wide range of trade and economic issues’ but provided no further details.Moscow's Kommersant business daily on January 16 said the two close trading partners were negotiating a barter agreement under which Russia could import up to 500,000 barrels of Iranian oil per day. Russian officials have neither confirmed nor denied the discussions…Tehran's Fars news agency quoted Moscow's Iranian ambassador as saying on Saturday that the latest terms of the proposed deal would see Russia build Iran railroads in exchange for oil…Russian Railways state corporation chief Vladimir Yakunin had earlier expressed interest in helping Iran develop a railroad to its northern neighbour Armenia.” (AFP, “Russian minister plans Iran trip amid oil deal reports,” 2/12/14)

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"Iran may award OAO Russian Railways, the country's rail monopoly a new contract worth about $250 million after the state-run company completed a link between Tebriz and Azarshahr, RIA Novosti reported, citing the head of the Russian Railways unit doing the work."(Bloomberg News, "Iran May Award Russian Rails New $250 Million Contract, Ria Says," 6/9/12)

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“Russian Railways President Vladimir Yakunin led a delegation of Russian Railways to Iran and in Tehran met with government representatives and senior managers of Iranian Railways, including Managing Director Saheb Mohammadi. ‘A mutually beneficial partnership between Russian and Iranian railways in modernisation and infrastructure development is key to strengthening economic cooperation and friendly relations between Iran and Russia,’ said Yakunin. The partners discussed cooperation between the rail systems of the two countries in implementing joint infrastructure projects in Iran. The Iranians proposed that Russia play a role in electrifying the Tehran - Bafq railway line. Following the meeting, the sides agreed to establish a working group for the joint development of the proposal with a proposed schedule and other conditions.” (Russian Railways, “Russian Railways receives proposal to electrify Tehran - Bafq line,” 2/9/11)

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According to its Company Website, “In 2008, the railways of Russia, Iran and Azerbaijan signed a tripartite Memorandum of Understanding on the construction of a railway line between Rasht - Astara (Iran) - Astara (Azerbaijan). Russian Railways considers this railway line as a key element in the North - South International Transport Corridor (ITC)…Following negotiations, the leaders of railways from Russia, Iran and Azerbaijan signed a tripartite Memorandum of Understanding in November 2011…According to the results of pre-project development, RAI, Russian Railways and CJSC Azerbaijan Railways will ensure compliance with the corporate procedures required to set up the joint venture which will then directly implement the project. (Russian Railways, “International Projects: Iran.”)

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According to its Company Website, “Russian Railways and the Islamic Republic of Iran Railways (RAI) concluded a contract for the electrification of the Tabriz - Azarshahr railway line on 29 April 2008. A ceremony was held to mark the beginning of construction on 9 February 2009…On 13 October 2012, Vladimir Yakunin, President of Russian Railways, took part in the opening ceremony of the Tabriz - Azarshahr line, which was electrified jointly by Russian and Iranian specialists.” (Russian Railways, “International Projects: Iran.”) 

Safran maintains a "Safran North America" website, which highlights Safran's "significant physical presence in the United States, comprised of 32 companies and joint ventures operating across 58 locations in 22 states."

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According to the Safran North America website, "The company’s largest end-user is the U.S. Department of Defense, with its technologies equipped on such vital military and government platforms as the KC-135R aerial tanker, F-22 Raptor fighter jet, UH-72A Lakota Light Utility Helicopter and Delta IV launch system."

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“Multiple companies currently exploring new business ventures in Iran are also cashing in on highly lucrative contracts with the U.S. Defense Department, raising questions about whether their dealings with Iran could run afoul of U.S. law. At least 13 major international companies have said in recent weeks that they aim to reenter the Iranian marketplace over the next several months. The companies have received Pentagon contracts totaling well over $107 billion, according to a Washington Free Beacon analysis that tracked DoD contracts awarded since fiscal year 2009. Many of the companies, which include carmaker Renault and oil giants such as BP, have already sent high-level trade delegations to Tehran to meet with Iranian officials about striking new business deals…These companies include Boeing and General Electric—which have DoD contracts worth $87 and $12 billion respectively—as well as the Italian oil company Eni, Merck, Safran, Vitol, Bosch Rexroth, Sanofi Pastuer, and AVL.” (Washington Free Beacon, “Pentagon Contractors Exploring Business with Iran,” 2/25/14)

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“Iran [welcomes] the most senior French trade delegation in years on Monday, telling more than 100 executives that the farsighted among them stood to win the race for business following an easing of some economic sanctions…'A new chapter has begun in relations between Iran and Europe,' Mohammad Nahavandian, President Hassan Rouhani's chief of staff, was quoted as saying by the official IRNA news agency. ‘You should carry the message back that potential for cooperation with Iran is real and not to be overlooked,’ he told the delegation. ‘Those with longer foresight stand to win this race.’ The delegation of more than 100 executives from Medef, the French employers' association, on a Feb 2-5 trip, met Nahavandian and members of Iran's Chamber of Commerce, Industries, Mines and Agriculture, IRNA said. A source close to the delegation told Reuters it was the most senior group of entrepreneurs and financiers to visit Iran since the 1979 revolution, representing the defence, aviation, petrochemicals, automotive, shipping and cosmetics sectors. Among companies represented were Safran, Airbus , Total, GDF-Suez, Renault, Alcatel, Alstom, Amundi and L'Oréal, the source said. ‘Many of these firms have worked in Iran before and their goal now is to restore links,’ the source said. ‘The very makeup of the delegation shows these people are here to evaluate potential for cooperation.’ A French embassy source in Tehran said the visit was merely exploratory and ‘nothing is to be signed this time around.’” (Reuters, “Iran welcomes French business chiefs after sanctions eased,” 2/3/14)

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"Executives from some of France's biggest companies…are slated to fly to Tehran next month—signaling a fresh wave of corporate interest in Iran as the West eases sanctions. Details of the high-level business trip are emerging after Iran and Western powers completed the terms of an interim nuclear deal on Sunday, with Tehran agreeing to closer international monitoring of its nuclear program in exchange for limited, temporary sanctions relief. The deal specifically eases restrictions related to Iran's aviation, auto and petrochemicals industries…A spokesperson for Safran SA, which makes propulsion engines and other aircraft spare parts, said that it was considering sending a representative on the trip but that no final decision had been made.” (Wall Street Journal, “French Companies Explore Return to Iran Amid Sanctions Thaw,” 1/13/14)

GDF Suez is listed on the March 1, 2022 Report to the New Jersey Legislature Iran Divestment as a prohibited company.

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"French gas and power group Engie (ENGIE.PA) said on Friday it would end its engineering contracts in Iran by November. Engie CEO Isabelle Kocher said at a shareholders’ meeting that the utility has no infrastructures in Iran but has engineering teams working there for clients. “We have 180 days to end these contracts, which takes us to November. It will be done,” she said." (5/18/2018)

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A Senior VP for International Development is listed as a speaker at the Iranian Water Summit taking place on September 27, 2016, in Tehran, Iran. (Agenda).

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GDF Suez maintains a vast U.S. presence. First Light Power Resources, GDF SUEZ Energy North America, GDF SUEZ Energy Resources NA, and Think Energy, all located in the U.S., are listed as “groups” on the GDF Suez website.

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“Iran [welcomes] the most senior French trade delegation in years on Monday, telling more than 100 executives that the farsighted among them stood to win the race for business following an easing of some economic sanctions…’A new chapter has begun in relations between Iran and Europe,’ Mohammad Nahavandian, President Hassan Rouhani's chief of staff, was quoted as saying by the official IRNA news agency. ‘You should carry the message back that potential for cooperation with Iran is real and not to be overlooked,’ he told the delegation. ‘Those with longer foresight stand to win this race.’ The delegation of more than 100 executives from Medef, the French employers' association, on a Feb 2-5 trip, met Nahavandian and members of Iran's Chamber of Commerce, Industries, Mines and Agriculture, IRNA said. A source close to the delegation told Reuters it was the most senior group of entrepreneurs and financiers to visit Iran since the 1979 revolution, representing the defence, aviation, petrochemicals, automotive, shipping and cosmetics sectors. Among companies represented were Safran, Airbus, Total, GDF-Suez, Renault, Alcatel, Alstom, Amundi and L'Oréal, the source said. ‘Many of these firms have worked in Iran before and their goal now is to restore links,’ the source said. ‘The very makeup of the delegation shows these people are here to evaluate potential for cooperation.’ A French embassy source in Tehran said the visit was merely exploratory and ‘nothing is to be signed this time around.’” (Reuters, “Iran welcomes French business chiefs after sanctions eased,” 2/3/14)

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"Executives from some of France's biggest companies, including energy giants GDF Suez SA and Alstom SA, are slated to fly to Tehran next month—signaling a fresh wave of corporate interest in Iran as the West eases sanctions. Details of the high-level business trip are emerging after Iran and Western powers completed the terms of an interim nuclear deal on Sunday, with Tehran agreeing to closer international monitoring of its nuclear program in exchange for limited, temporary sanctions relief. The deal specifically eases restrictions related to Iran's aviation, auto and petrochemicals industries…Power company GDF Suez said it was sending Dominique Simonneau, a member of its executive committee and director of European and international relations. Until 2010, the group worked with Iran's National Iranian Oil Co., or NIOC, to assess the country's hydrocarbon reserves.” (Wall Street Journal, “French Companies Explore Return to Iran Amid Sanctions Thaw,” 1/13/14)

"According to the website Fleetmon.com 'TS Jakarta' (IMO: 9383223) has been calling at Bandar Abbas and Bandar E-Shahid Reajie ports repeatedly between September 2012 and June 2013, spending over 36 hours in the Bandar E- Shahid Reajie port area as recently as 5/9/2013 - 11.05.2013." (United Against Nuclear Iran: Letter to Rudolf Schepers, 7/22/13)

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“The website Fleetmon.com showed 'TS Jakarta' (IMO: 9383223) indicated Bandar Abbas as its last destination on 12/11/2012." (United Against Nuclear Iran: Letter to Rudolf Schepers, 7/22/13)

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“The website marinetraffic.com showed 'TS Jakarta' (IMO: 9383223) indicated Bandar Abbas as its next destination via AIS on 6/25/2013." (United Against Nuclear Iran: Letter to Rudolf Schepers, 7/22/13)

"Geneva-based agricultural trader Afegra - an exporter of cereals to Iran until last year - is parting company with its managing director and its trading team, sources familiar with the matter said. Gert Bosscher, a former Glencore trader, has resigned as managing director, and a team of at least six traders will be made redundant this summer at Afegra, which was launched in 2010 and specialises in wheat, barley, corn and rice, the sources said. The company, which is privately owned, has issued no public statement. The sources said Afegra had lost a vital source of income after encountering difficulties with obtaining payment from Iran for agricultural deliveries, which were at least partly a result of Western financial sanctions aimed at Iran's nuclear programme... 'They (Afegra) were stuck between a rock and a hard place. They had the choice between making a delivery and not getting paid or making costly demurrage (shipping) payments,' said a senior source at a trading house. The departure of Afegra's trading team also points to the difficulties of small traders in competing with large, integrated rivals such as the so-called ABCD majors (Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus )... 'If you're small, you have to have some sort of foothold to be successful, either in the producing country or the destination market. They had a foothold in the destination market, Iran, but that didn't work out,' the source said... Afegra is still registered in Geneva, and the sources said it would continue to exist, although details of its future strategy were not immediately clear." (Reuters, "Swiss Firm Afegra Cuts Trading After Losing Iran Cereals Business," 6/20/2013)

 "TSL quits Iran" (July 2, 2013)
 

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Lists the Bandar-Abbas port in Iran on its online vessel schedule: TS Lines

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“Hong Kong’s TS Lines has ended its Iranian service by removing Bandar Abbas from its China-India-Middle East loop (CME) and its India-Middle East Express service (IMX)… Currently, three vessels, including the 3,534-TEU Georg Schulte, the 2,908-TEU Cape and the 2,546-TEU TS Jakarta, are deployed on CME string, requiring six weeks for the whole voyage. TS Lines will shift the 2,959-TEU Hammonia Africum and Hammonia Ionium from the IMX to the CME by the end of July.  The CME was the last non-Iranian long haul service calling in Iran. This leaves Iran-based Hafiz Darya Shipping Lines (HDS) as the only carrier to operate the Far East-Middle East service with Iranian call by a number of 5,100- to 6,500-TEU ships. Dubai-based feeders continue to serve Iran.” (The Shipping Tribune, “TS Lines Drops Iranian Service, Leaving HDS the Only Carrier Serving Iran,” 7/3/13)