Lovat
Engineering and Construction
NYSE:CAT
Canada
Lovat, a manufacturer of tunnel boring machines (TBMs) is a wholly-owned subsidiary of Caterpillar acquired in April 2008. (AP, “Caterpillar acquires tunnel boring company,” 4/2/08)
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Iran has been constructed tunnels to obscure and shield its nuclear program. (The New York Times, “Iran Shielding Its Nuclear Efforts in Maze of Tunnels,” 1/6/10)
Lovat’s business in Iran:
- On its full worldwide contacts list, Lovat lists Mr. Amir Kheradmand of the Tehran-based “Tunnel Boresh Machine” as its main Iran contact. (Company Website)
- Lovat’s website lists a completed drainage project in Tehran in its “Project section.” The project used a Lovat tunnel-boring machine. (Company Website)
- The December 2009 article World Tunnelling magazine lists two recently completed Lovat tunneling projects for surface water collection in Khayyam and Bahmanyar. Lovat used the same tunnel-boring machine for both projects. (World Tunnelling, “Iranian TBMs continue steady march,” 12/23/09)
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Caterpillar has stated that it will prohibit all further sales into Iran.
- ·UANI
Letter to Caterpillar: “Response to Caterpillar’s Decision to Stop
Doing
Business in Iran (March 1, 2010)
- Press
Release: “UANI Applauds Caterpillar's Commitment to End Sales into
Iran” (March
1, 2010)
- Caterpillar Letter to UANI: “Caterpillar Inc.’s Response United Against Nuclear Iran” (February 25, 2010)
- Press
Release: "UANI Announces Launch of Peoria Billboard Calling on
Caterpillar to End Business in Iran" (February 16, 2010)
- UANI
Letter to Caterpillar: "Caterpillar and Updated Websites" (February 12,
2010)
- Press
Release: "UANI to Caterpillar: Removing Internet References to Business
in Iran Is Not the Same as Ending Business in Iran" (February 12, 2010)
- UANI Letter to Caterpillar: "Catepillar and
Newly Designated IRGC-related Construction Entities" (February 11, 2010)
- Press
Release: "UANI Renews Call for Caterpillar to End Business in Iran;
Cites OFAC's Sanctioning of IRGC Controlled Construction Companies"
(February 11, 2010)
- UANI Letter to Caterpillar: "Caterpillar,
SEC Disclosure and Tunneling Projects in Iran" (February 4, 2010)
- Press
Release: "UANI calls on Caterpillar to explain its sale of tunneling
equipment in Iran and to disclose its business in Iran" (February 4,
2010)
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