– We remain deeply concerned about the continued military action in Ukraine. We are constantly monitoring the situation, and we need to get a complete overview of the sanctions. However, we can already see that our business in Russia is affected. This means that we have to adapt to a constantly evolving situation that is becoming more complex, writes Grundfos.
Grundfos has a turnover of approximately DKK 1 billion in Russia, and the market is thus one of the group’s six or seven largest. In addition, it has its own factory outside Moscow.
– Our focus right now is on our employees in Russia and Ukraine and on supporting them in the best possible way. We also want to treat our partners properly, and we will continue to maintain our offices and our factory to be ready to reopen when the situation allows, writes Grundfos.
The stop in Russia means that no products will be produced or new orders received for the time being.
Article translated from Grundfos’ website