Spinning
2022-06-02
Oerlikon to sell business in Russia to local team
Oerlikon has entered into an agreement with the local management team to sell all its operations in Russia. The business will continue to operate independently under the new owners.
Oerlikon to Sell Business in Russia to Local Team
On March 4, 2022, Oerlikon ceased all international cross-border business activities with Russia following its invasion in the Ukraine. As a final step, Oerlikon is now ceasing all business activities within Russia as well.
Oerlikon currently employs 48 colleagues in Russia across 6 locations, and sales in 2021 were below CHF 5 million.
Related News
Latest News Spinning
2022-08-11
2022-07-28
More News from Oerlikon Textile GmbH & Co. KG
2022-08-04
Latest News
2022-08-11
2022-08-11
2022-08-11