FLSmidth

As of May 17, 2021, Iowa's Public Employee's Retirement System lists FLSmidth on its Iran Scrutinized Companies List.

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"The company has been identified as potentially providing mineral and cement services in Iran. In 2019 CalPERS designated the company as under review. In 2020 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS continues to monitor the company for possible changes in status relevant to the Act."

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As of August 15, 2019, the state of Iowa listed FLSmidth on its Iran scrutinized companies list.

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In 2017, CalSTRS designated FLSmidth & Co. A/S as “Under Review” for reportedly opening a new office in Iran to service mineral and cement customers. CalSTRS maintained the “Under Review” designation in 2018.

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In 2018 the U.S. state of Iowa listed FLSmidth on its Iran prohibited companies list requiring divestment and rendering FLSmidth ineligible for investment and/or state contracting.

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"FLSmidth is a global engineering company based in Copenhagen, Denmark. With almost 13,000 employees worldwide, it provides global cement and mineral industries with factories, machinery, services and know-how.  “FLSmidth has a very long time history in Iran. We have been here for more than 80 years. So, we feel actually that we have been all the time. Sometimes, we had a permanent representative and sometimes we have worked from aboard,” Kristensen explained." (August 2016)  Response: “FLSMidth has not agreed to participate in the Iran Post Sanctions Business Forum in Berlin on January 24-25, 2017.”

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"Denmark's FLSmidth has selected Iranian Ehdas San'at Company as its representative for the implementation of projects and services in Iran. Managing Director of Ehdas San'at Morteza Hashempour and the Director of FLSmidth, Thomas Schulz, have signed a scientific, technical and economic cooperation memorandum of understanding to cooperate in the cement industry in Tehran. Ehdas San'at has agreed to a close cooperation with FLSmidth in the field of producing related equipment and constructing new projects, as well as the optimisation and reconstruction of existing cement plant." (October 8, 2015).

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"Also on Wednesday, the Danish engineering firm FLSmidth informed the advocacy group United Against Nuclear Iran that it would be pulling out of the forum. A spokesman for the firm confirmed the withdrawal to me." (The Wall Street Journal, "About Those Iran Sanctions," 10/16/14)