Ingersoll Rand

Construction, Industrial Services, Manufacturing
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NYSE:IR
Ireland
Ingersoll Rand


Ingersoll-rand is listed as a participating company at the 14th International Exhibition of Transportation & Urban Services & Related Industries which takes place October 27-30th, 2016 in Tehran Iran. (Participating International Companies)  

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"New Jersey-based Ingersoll Rand, which has won lucrative contracts from the U.S. military, has been selling industrial air condition and air compression systems to Iran through foreign subsidiaries since at least 2000, according to the company. The National Iranian Drilling Company states on its Web site that it uses Ingersoll Rand compressors in its work. Spokesman Paul Dickard said that compressed air systems have a wide variety of applications,  and "it wouldn't be outside the range of possibility" that Ingersoll Rand systems would be used in the oil and gas sectors or even a nuclear plant, where such equipment is commonly found. Mr. Dickard said the company is evaluating what he called its "minor" business in Iran in light of the current political climate, adding: "We will want to think very seriously about whether we want to continue participating in Iran if it puts at risk other business that might be more lucrative for us."  From 2000-2009, the company was the recipient of $422.1 million US federal funds.  They have withdrawn their investments in Iran.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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“Havacaran Industrial Technologies is the distributor of Ingersoll Rand Air Compressors in Iran” (Havacaran website). On its website, Havacaran has posted a certificate from Ingersoll Rand, which formally certifies that it is a distributor "for performing sales & after sales service for Centrifugal (CENTAC), Oil Free Dry Rotary Screw (SIERRA), Oil Injected Rotary Screw (SSR) and Reciprocating (T-30, ESH, PHE) Air Compressors and down stream accessories like air dry & filters" (Havacaran Website, "Certificate"). Ingersoll-Rand, in consortium with Havacaran, participated in Iran’s 12th international oil show in 2007 (Iran's 12th Oil Show, "Exhibitors List").

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The National Iranian Drilling Company (NIDC), a subsidiary of the state-owned National Iranian Oil Company (NIOC), states on its website that the company uses Ingersoll Rand compression systems (NIDC website).

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SATCO (Sameh Afzar Tajak Co.) is a private commercial company in Iran "working in the operation, maintenance, procurement and planning of power stations, automotive industries, steel industries and oil fields" (SATCO website, "About Us"). Ingersoll Rand is one of seven "Principals" affiliated with SATCO, selling assembly and industrial tools as well as material handling products (SATCO website, "Principals"). SATCO has sold products to several oil, gas and petrochemical companies, such as the state-owned National Iranian Drilling Company, as well as numerous light and heavy industries, power stations, the steel industry and automotive industry (SATCO website, "Sales").

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Ingersoll Rand, in consortium with SATCO, participated in Iran’s 12th international oil show in 2007 (Iran's 12th Oil Show, "Exhibitor List"). SATCO was also an exhibitor at Iran's13th annual oil show in 2008 (Iran's 13th Oil Show, "Exhibitors").

Ingersoll Rand's Distributor Certificate to Havacaran
Ingersoll Rand's Distributor Certificate to Havacaran (Havacaran Website, "Certificate")

Response: "Since the date of my 2010 letter, I can assure you that Ingersoll Rand has not sought to revisit our Iran policy…" (November 2016)

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At the urging of UANI supporters, Ingersoll Rand has stated that it will prohibit all further sales into Iran.