Rotork

Engineering
2
UK

"In May, some 1,800 exhibitors crowded Tehran’s sprawling International Permanent Fairground for Iran’s annual International Oil, Gas, Refining and Petrochemical Exhibition. The petroleum ministry said 600 foreign companies attended, although many were small Chinese and South Korean firms. Jerome Budin, an international manager at Rotork Controls Ltd., an electric valve–making subsidiary of Rotork Plc, a company based in Bath, England, was among the few Europeans staffing an exhibitor’s booth. Budin says Rotork has attended the fair for 12 years and sold products to Iranian petroleum, water and power companies after securing the necessary licenses. 'It’s quite a big market for us,' Budin says. 'Obviously, we are looking forward to an easing of the sanctions.'" (Bloomberg News, "Iran Lures Investors Seeing Nuclear Deal Ending Sanctions," 8/17/14)