“Huntsman Corp., the world’s biggest maker of epoxy
adhesives, said its foreign
subsidiaries will discontinue sales in Iran due to concern over the
government’s handling of protests of last year’s presidential election.
‘The small amount of business done there does not justify the
risk currently associated with doing business with entities located in
to growing international concern over the policies of the current
Huntsman said in a statement.
Huntsman, based in The Woodlands, Texas, said sales to entities located
Iran represented only a ‘minor fraction of one percent’ of its
The company said sales to third parties in Iran ‘have been done in full
compliance with U.S. law.’
Huntsman came under pressure last year from United
Against Nuclear Iran to end all business in Iran, according
to a spokeswoman for the New York-based advocacy group, Kimmie Lipscomb.
‘This shows that the American people are concerned with a company’s
to do business in Iran,’ Lipscomb said in an interview.
‘We learned that one of Huntsman’s subsidiaries was conducting business
Iran, selling polyurethane, which can be used in the development of
rocket fuel,’ she said. ‘We sent them a letter in November and they
did not believe the polyurethane was being used for rocket fuel. We
them doing any business in Iran.’