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Atlas Copco

Sweden

 

 

According to Atlas Copco’s website, the company ceased operations in Iran in May 2013 as a result of the reduced business resulting from sanctions on Iran. They no longer sell products directly or indirectly in Iran (Atlas Copco website, accessed June 12, 2014).

Date: 1984 - 2000

Deal: According Atlas Copco's website, Atlas Copco Craelius Grouting Equipment has been used for the following projects in Iran: Toragh Dam (1984), Kardeh Dam (1984), Iran Railroad Tunnels (1986), Qom Dam (1988), Saveh Dam (1988), Giroft Dam (1988), Pichin Dam (1988), 15 Khordah Dam (1989), Jiroft Dam (1989), Atavian Dam (1992), Saveh Dam (1992), and Karoun III Dam (2000) (Atlas Copco Website, accessed April 15, 2010).

Date: 2000

Deal: In 2000, according to an Atlas Copco press release, Atlas Copco Craelius received a contract worth $111,000 from Iran Water & Power Resources Development Company (IWPC), which ordered 20 drill rigs for construction at the Karoun III dam (Atlas Copco Press Release, May 29, 2000).

Atlas Copco's website shows that it has an office in Tehran and the company has a website solely for its Iranian operations (http://www.atlascopco.ir/irus/). The New York Times stated that according to Senior Vice President Hans Sandberg, the company has maintained an office in Iran for the past 30 years (The New York Times, March 12, 2010).

According to The New York Times, Atlas Copco makes between $15 million to $20 million a year from its sales to Iran, primarily from mining and construction equipment and services (The New York Times, March 12, 2010).

U.S. Business Ties: Atlas Copco maintains a significant presence in the United States, with 11 business units employing around 3,000 people across the country (Atlas Copco USA Website, accessed June 17, 2010).

According to USASpending.gov, Atlas Copco received $9,136,435 in federal contracts between 2000 and 2010. During FY 2009, the company received $1,014,319 in federal contracts from a variety of agencies, including 29 contracts from the Department of Defense and 23 contracts from the Department of Veterans Affairs (USASpending.gov, accessed June 17, 2010).

Last Updated: July 7, 2014