Finnish company Outotec despite sanctions will continue to work with Iran

Finnish mining techonology company Outotec is yet to decide on leaving the Iranian market, the company’s Tehran office announced.

“Considering the current condition of the country, the company announces that it takes no decision to leave Iran and will do its best to find alternative solutions to stay in the case of sanctions’ return, ” the company said in a statement sent to ME-Metals.

Outotec which build plants, makes equipment and offers services for the metal and mineral processing industries, has a long history in Iran ad remained in the market after the US instituted sanctions against Tehran in 2010.

The company epmhasized that Outotec stayed in the country both during the 1980-88 Iran-Iraq war in the sanctions period of 2011-14, when most other global technology firms abandoned Iran.

Source » financialtribune

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