Home About Us Group Services Contact Privacy/Datenschutz Imprint/Impressum THE SUCCESS STORY About Us FACTS HISTORY NEWS MISSION/VISION REFERENCES OUR HISTORY More than 25 years ago the Iranian AHWAZ STEEL COMPLEX (ASCO), renamed later as KHOUZESTAN STEEL COMPANY, had the intention of establishing an offshore company to handle their foreign purchase of spare parts and machinery. As a result, in October 1990, ASCOTEC GmbH was founded in Düsseldorf / Germany with an initial capital investment of 100.000 Deutsche Mark to serve this duty. Due to its strategic business location Düsseldorf was chosen for the establishment of this important company. The copmany expanded rapidly and added several fields of activity to its scope of service. Thus, ASCOTEC Group's activities comprises Supply & Procurement Steel & Raw Material Trading Engineering Investment & Finance Know-How Transfer Development and Empowerment of the Steel Industry In line with this great expansion, numerous companies were established in different parts of the world: Germany, Iran, Japan, Italy, Kuwait and China. And ASCOTEC GmbH became ASCOTEC Holding GmbH. Today, all shares of ASCOTEC Holding GmbH belong to IMIDRO (Iranian Mines and Mining Industries Development and Rennovation Organization) which is a sub-division of the Iranian Ministry of Industry, Mine & Trade. Due to the volume of its business, the variety of its projects and the value of its assets, ASCOTEC Group is proud to be considered the largest Iranian offshore company. An average annual group turnover of 500 Mio EUR, over 50 realized and running projects, an equity of 110 Mio EUR as well as nearly 1 billion EUR of assets, has resulted in ASCOTEC becoming a well known brand throughout the whole steel industry. This successful history created a solid base for a prosperous future. ASCOTEC HOLDING GMBH Tersteegenstr. 10 40474 Düsseldorf, Germany Tel.: +49 (0) 211 / 47052-0 Fax: +49 (0) 211 / 47052 999 info@ascotec.com Sitemap Imprint / Impressum Privacy / Datenschutz ABOUT ASCOTEC GROUP: ASCOTEC Group is a full scope service provider for the steel industry with its headquarter in Düsseldorf, Germany. For more than 25 years we have served our clients for all their needs and requirements. We handle their procurement demand, realize expansion plans, distribute their finished products and ensure the transfer of know-how and technology. Our mission is the contribution to success and industrial development.