Print Edition
TT On-The-Go
TT Feed
1197
| Hitachi not end its business with Iran |
|
 |
 |
 |
Font Size 
|
In response to U.S.’s pressures to end business in Iran, the Japanese high technology conglomerate Hitachi has openly acknowledged that it has profited from business activities in Iran. On Thursday, United Against Nuclear Iran (UANI) called on Hitachi to end its business in Iran. Hitachi maintains an active presence in Iran, having provided Iran with gas turbines and induction motors used in its oil and gas sector. In correspondence with the U.S. Securities and Exchange Commission (SEC), Hitachi has responded that it has profited from business with Iran. Hitachi has at least two authorized distributors in Iran that prominently feature Hitachi’s logo and products on their web pages. Hitachi has also installed ten highly advanced H-25 gas turbines in Iran since 2007 and over 17 induction motors for industrial plants in the energy industry since 2006 (Source: businesswire)   Socialize this Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader
|