Company Overview
Fulmen, established in 1975 and headquartered in Tehran, describes itself as “a leading Iranian company active in the field of power generation, transmission and distribution,” according to its website. The company highlights its role in engineering, procurement and construction projects, including high-voltage substations and switchgear manufacturing. In its own words, Fulmen “has consistently contributed to the development of Iran’s electrical infrastructure.”
The firm came under international scrutiny in 2010 when the European Union placed it on a sanctions list, alleging links to Iran’s nuclear programme. Although the EU courts annulled that listing in 2012, finding no evidence to support the claims, the company’s inclusion had lasting effects on its reputation. A subsequent damages action led the Court of Justice of the European Union in 2021 to uphold a compensation award to Fulmen’s chairman, Fereydoun Mahmoudian, for non-material harm caused by the measures.
Today, Fulmen still presents itself as a major force in Iran’s electrical sector. It states that it “employs several hundred highly skilled engineers and technicians” and is committed to “supporting the expansion of Iran’s national power grid”. Business directories echo this picture, listing the company as employing between 100 and 499 staff in Tehran. While its international name recognition is tied largely to sanctions disputes, Fulmen portrays itself as continuing to deliver key infrastructure projects at home.The German postal address for Fulmen’s director, Fereydoun Mahmoudian, is Schottweg 7, 22087 Hamburg, Germany, according to the consolidated text of Council Decision 2010/413/CFSP. The company’s Tehran address is Danesh ST., Fath Blvd., Fath SQ., Opposite to Mehrabad Airport, Tehran, IRAN, 1385763911.