Sandvik

Energy, Engineering
2
NASDAQ: SAND
Sweden
Sandvik

Fortuna Construction Co. lists itself as the sole representative of Sandvik Mining and Construction in Iran on the company website

--

Sandvik is a Swedish engineering firm specializing in tooling, materials technology, mining, and construction (Company Website).

An industry publication reported that in March 2010, Sandvik subsidiary Sandvik Process Systems, announced that it would be supplying the sulfur solidification and handling technology for the Pars Oil & Gas Company (POGC). The order is scheduled for delivery by the end of 2010 and is the third such deal Sandvik has secured. The latest order includes the company's Rotoform-based granulation technology and other equipment.

A Sandvik brochure obtained on the company's website features pictures of past mining and construction projects in Iran.

“…suspended all business for the Iran Market from 10 August 2018. This suspension remains in effect today…Fortuna was previoulsy appointed as a third-party distributor for Sandvik in Iran. However this relationship was terminated…committed to putting ethics and sustainable business practices first, and we will always take steps to ensure our brand and repuation are protected…” (June 7, 2021)