Company

Mitsubishi Materials Corp. (MMC)

Trade risk

Japan.

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Summary

In 2017 the U.S. state of Rhode Island, South Carolina listed Mitsubishi Materials on its list of companies doing material business with Iran rendering Mitsubishi Materials ineligible for investment and/or state contracting.  (http://data.treasury.ri.gov/dataset/scrutinzed-companies-list-iran/resource/6936d293-53b5-4223-8f6d-36777bf91c6d) (https://procurement.sc.gov/files/Iran_divestment_122017.pdf)

As of August 15, 2019, the state of Iowa listed Mitsubishi Materials on its Iran scrutinized companies list. (https://www.ipers.org/sites/default/files/media/2017%2009%20Iran%20Prohibited%20Companies%20List%2009-30-17.pdf)

In 2018 the U.S. state of Iowa listed Mitsubishi Materials as an Iran restricted company rendering Mitsubishi Materials ineligible for investment and/or state contracting. (https://www.ipers.org/sites/default/files/media/2017%2009%20Iran%20Prohibited%20Companies%20List%2009-30-17.pdf)

As of December 2020, Rhode Island continues to list Mitsubishi Materials as an Iran scrutinized company for active involvement of at least $20-50 million in Iran's energy sector. (http://data.treasury.ri.gov/dataset/c56b9795-4c0b-4749-80a8-78418efc1492/resource/9d4e0eae-3bb0-4ed2-977a-db21ad57ea96/download/RhodeIslandIranContract2020.xlsx)

On February 16, 2021, Iowa Public Employees' Retirement System removed Mitsubishi Materials from its Iran Prohibited Companies List.  (https://www.ipers.org/sites/default/files/IPERS%27%20Iran%20Prohibited%20Companies%201Q21.pdf)

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