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.
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