Published: March 01, 2010

UANI Applauds Caterpillar's Commitment to End Sales into Iran

Share With Friends

NEW YORK - (BUSINESS WIRE) - United Against Nuclear Iran (UANI) applauds Caterpillar for its decision to end its business in Iran.

UANI, on February 4, 2010, called on Caterpillar to end its business dealings in Iran. On February 16, 2010, UANI announced the launch of a billboard campaign in Peoria calling on Caterpillar to end its business in Iran. Caterpillar, on February 26, 2010, confirmed that it had sold products in Iran and announced that it would end those sales. UANI has agreed to take down the billboard in Peoria.

Responding to the decision, UANI President Ambassador Mark D. Wallace said, "We applaud Caterpillar's decision to prohibit its non-U.S. subsidiaries from doing business in Iran. All responsible companies that transact business in Iran through the veil of a foreign subsidiary should take this as a wakeup call."

UANI maintains on its website the Iran Business Registry (IBR), a list of companies that have been reported to do business in Iran. UANI calls on all companies to cease doing business in Iran. By signing UANI's Iran Business Declaration companies can certify publicly that they do not conduct business in Iran.

UANI has worked with a number of companies that have agreed not to do business in Iran. In September, the Helmsley Hotel, Gotham Hall, and The Jumeirah Essex House refused to host Mahmoud Ahmadinejad during his visit to the United Nations. General Electric signed UANI's Iran Business Declaration and affirmed its commitment not to do business in Iran. Huntsman, last month, announced that it would sever its business ties in Iran, including all current contracts, and Siemens announced that it would not pursue new business in Iran.