Schwing America Inc.

In 2017 the U.S. state of Mississippi listed Schwing on its Iran restricted companies list rendering Schwing ineligible for investment and/or state contracting. (http://www.dfa.ms.gov/media/4100/companies-posted.pdf)

Petropars, the Iranian company and wholly owned subsidiary of NICO (an affiliate of the NIOC), lists the domestic and foreign companies that are developing the different phases of the South Pars Gas Field Project. (Petropars Website)  One of the Iranian companies, Abad Rahan Pars Co., developing the south pars phases 6,7, & 8, lists their resources, and the companies providing these resources.  Schwing is one of these dealers. (Abad Rahan Pars Co. Resources) (http://www.petropars.com/tabid/113/Default.aspx) (http://www.arp-co.com/resources.aspx)

The Iranian construction company, PAMICCO (Pars Mine and Industry Construction Company), lists Schwing as one of its machinery suppliers (PAMICCO Website) (http://www.pamicco.com/English/Page.aspx?id=7)

On June 30, 2020, the Mississippi Department of Finance & Administration identified Schwing America as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran.”  (https://www.dfa.ms.gov/media/10012/businesses-doing-business-with-iran-12.docx)