27.03.2011

Lobby group applauds Terex

The anti-Iranian group - United Against Nuclear Iran (UANI) -that attacked Terex for selling cranes to Iran which were then used for public hangings, has acknowledged that its sales to Iran have already stopped.

In response to UANI, Terex stated that in 2010 it adopted a policy prohibiting all new business transactions in Iran by all of its non-U.S. subsidiaries, and 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 says that it now accepts this statement and will remove Terex from its Cranes Campaign.

UANI president 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.”