NEW YORK, March 9 (Reuters) - Ingersoll-Rand Plc, a global maker of air compressors and cooling systems for buildings and transport, will no longer allow subsidiaries to sell parts or products to Iran, the company said in a letter to a pressure group, United Against Nuclear Iran (UANI).
Ingersoll 'will have its foreign subsidiaries stop accepting orders for all products, components and parts ... destined for Iran,' the company said in the letter, dated March 8.
New York-based UANI has pressured industrial companies to stop serving Iran's energy sector, and had targeted Ingersoll's air compressors, which it said were used in industrial plants run by the state oil company.
The group has said General Electric Co, Huntsman Corp and Caterpillar Inc have agreed to sever ties with Iran.
In its letter, Ingersoll questioned UANI's tactics, saying the group exerted pressure on the company via the media 'without regard to factual accuracy or even our input.'
Ingersoll also denied UANI's contention, made in a letter to the company last week, that Ingersoll had violated regulatory disclosure rules, or was sanctioned by the U.S. Securities and Exchange Commission, calling the accusations 'unfounded' and 'disingenuous.'
'Ingersoll-Rand's decision should serve as a wake-up call to those companies that continue to do business in Iran,' UANI President Mark Wallace said in a statement.
The group's website lists 200 companies targeted over their dealings with Iran. It includes names such as Honeywell International Inc , Royal-Dutch Shell Plc, Hewlett-Packard Co Advanced Micro Devices Inc and Coca-Cola Co.
The list is available at:http://www.unitedagainstnucleariran.com/ibr
Ingersoll shares were off 3 cents at $34.00 in late New York Stock Exchange trading.
(Reporting by Nick Zieminski; editing by Gunna Dickson and Gerald E. McCormick) Keywords: INGERSOLL/IRAN (nick.zieminski@thomsonreuters.com +1 646 223 6162; Reuters Messaging: nick.zieminski.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Ingersoll 'will have its foreign subsidiaries stop accepting orders for all products, components and parts ... destined for Iran,' the company said in the letter, dated March 8.
New York-based UANI has pressured industrial companies to stop serving Iran's energy sector, and had targeted Ingersoll's air compressors, which it said were used in industrial plants run by the state oil company.
The group has said General Electric Co, Huntsman Corp and Caterpillar Inc have agreed to sever ties with Iran.
In its letter, Ingersoll questioned UANI's tactics, saying the group exerted pressure on the company via the media 'without regard to factual accuracy or even our input.'
Ingersoll also denied UANI's contention, made in a letter to the company last week, that Ingersoll had violated regulatory disclosure rules, or was sanctioned by the U.S. Securities and Exchange Commission, calling the accusations 'unfounded' and 'disingenuous.'
'Ingersoll-Rand's decision should serve as a wake-up call to those companies that continue to do business in Iran,' UANI President Mark Wallace said in a statement.
The group's website lists 200 companies targeted over their dealings with Iran. It includes names such as Honeywell International Inc , Royal-Dutch Shell Plc, Hewlett-Packard Co Advanced Micro Devices Inc and Coca-Cola Co.
The list is available at:http://www.unitedagainstnucleariran.com/ibr
Ingersoll shares were off 3 cents at $34.00 in late New York Stock Exchange trading.
(Reporting by Nick Zieminski; editing by Gunna Dickson and Gerald E. McCormick) Keywords: INGERSOLL/IRAN (nick.zieminski@thomsonreuters.com +1 646 223 6162; Reuters Messaging: nick.zieminski.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.