UANI Applauds Terex For Ending its Business in Iran

FOR IMMEDIATE RELEASE
March 24, 2011
Contact: Nathan Carleton, [email protected]
Phone: (212) 554-3296

New York, NY - United Against Nuclear Iran (UANI) applauds American construction conglomerate Terex for ending its business in Iran and pledging to earn no future revenues from any of its previous contracts there.

As part of its Cranes Campaign, UANI on March 15, 2011 called on Terex to immediately end its business dealings in Iran and keep the Iranian regime from using Terex cranes for public executions. UANI's Cranes Campaign has highlighted the regime's abhorrent executions by hanging from cranes, and the disturbing reality that the cranes are coming from Western and Asian companies.

In response to UANI, Terex stated that in 2010 it adopted a new policy prohibiting "all new business transactions in Iran by all of its non-U.S. subsidiaries." After UANI expressed concerns with the caveat of this policy allowing for the continuation of existing business arrangements, Terex stated that it "has derived no revenues from business in Iran since the third quarter of 2010" and "will have no future revenues from sales or business in Iran with the current Iranian regime in place."

UANI accepts this pledge and will remove Terex from its Cranes Campaign.

Responding to Terex's declaration, UANI President, Ambassador Mark D. Wallace, said: 

We applaud Terex for ending its business in Iran. Terex is a respected American company, and we take them at their word when they say they will not earn future revenues from any past sales or business in Iran. We thank them for sharing our concerns about the prospect of Iran's abusive and dangerous regime acquiring nuclear weapons.   

Doing business in Iran runs directly counter to global security, and anyone selling cranes there is contributing to the regime's ongoing execution binge. Any socially responsible company should be appalled at the possibility of having its products used for gruesome public executions, and we hope that all the companies identified in our Cranes Campaign will also end their business in Iran.

As part of the Cranes Campaign UANI is also calling on Manitowoc, an American cranes company, and foreign equipment manufacturers such as Tadano (Japan), UNIC (Japan), Liebherr (Germany), Cargotec (Finland), Konecranes (Finland), XCMG (China), Kobelco (Japan), Zoomlion (China) and Gottwald (Germany) to account for their business in Iran and the prospect (and in some cases direct photographic evidence) that their cranes are being used for public executions.

 Click here to learn more about the UANI Cranes Campaign.