UANI Applauds Ingersoll Rand For Its Decision to End Business in Iran

FOR IMMEDIATE RELEASE
March 10, 2010
Contact: Kimmie Lipscomb, [email protected]
Phone: (212) 554-3296
 

UANI Applauds Ingersoll Rand For Its Decision to End Business in Iran     
 

New York, NY - UANI applauds Ingersoll Rand for its decision to end its sales into Iran.  Ingersoll Rand, on Monday, responded to UANI's request that it end its business in Iran.   In a letter to UANI President Ambassador Mark D. Wallace, the President and CEO of Ingersoll Rand, Michael W. Lamach, acknowledged that Ingersoll Rand has done business in Iran and announced Ingersoll Rand's intentions to end its business in Iran immediately.

UANI, on March 2, 2010 called on Ingersoll Rand to end its business in Iran.  On March 4, 2010, UANI responded to Ingersoll Rand's public comments about its business in Iran.  Ingersoll Rand, on March 8, 2010, replied to UANI and agreed to end its sales into Iran. 

In a letter responding to Ingersoll Rand's decision, UANI President Ambassador Mark D. Wallace on Tuesday, March 9 wrote:

I appreciate your acknowledgement that Ingersoll Rand has done business in Iran through its foreign subsidiaries, and dealers.  We appreciate your recognition that 'in light of the very real and escalating concerns about the intentions of the current regime in Iran, many global companies around the world have opted to refrain from doing business with Iran.' On behalf of United Against Nuclear Iran please accept my thanks for your personal commitment that 'Ingersoll Rand now joins those companies, and effective immediately will have its foreign subsidiaries stop accepting orders for all products, components and parts where the subsidiary knows such products, components or parts would be destined for Iran

UANI maintains on its website the Iran Business Registry (IBR), a list of companies that have been reported to do business in Iran.  UANI calls on all companies to cease doing business in Iran.  By signing UANI's Iran Business Declaration companies can certify publicly that they do not conduct business in Iran.    
 
UANI has effectively pressured companies such as General Electric, Huntsman, Siemens, and Caterpillar to end their business in Iran.