Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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Ingersoll-Rand, Business Halt

description

 

Under pressure by the group United Against a Nuclear Iran, Ingersoll-Rand decided to sever ties with Iran, ordering all subsidiary companies to stop accepting orders for all products that the subsidiary knows will end up traveling to Iran. Ingersoll does not possess any offices in Iran and a company spokesman noted that sales to Iran accounted for less than 0.1% of 2008’s $13.2 billion revenue. 

 

Status

  • Current Status:
  • Discussion Date: Wed, 2010-03-10
  • Contract Date:
  • Completion Date:

Citation

1. Ron Nixon, “Two Multinationals Pull Back from Iran”, New York Times, March 10, 2010, available at http://www.nytimes.com/2010/03/11/world/middleeast/11iran.html?partner=r...

2. Kris Maher and Jay Solomon, “Ingersoll Bars Units From Sales to Iran”, Wall Street Journal, March 10, 2010, available at http://online.wsj.com/article/SB1000142405274870478490457511178257924498...

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