Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Danieli produces steel processing machines. Danieli Group is an Italian supplier of equipment and physical plants to the metal industry. The company is based in Buttrio, in the north-east of Italy. It is one of the world leaders in the production of steel plants, in particular in the long products segment, where it owned more than 60% market share in 2000.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackThe Italian manufacturer of metallurgical equipment Danieli Group will leave the Russian market and intends to study the issue of selling assets in the Russian Federation, a representative of the company's management told RIA Novosti. "Danieli's departure from the Russian market is connected with the inability to sell equipment in Russia due to the sanctions regime established by the European community," the agency's interlocutor said.
Danieli produces steel processing machines which can be used to produce tanks or submarines. "We certainly have no control over which hands they change once they’re sold. What we can guarantee is that our customers do not belong to the lists of interlocutors prohibited by sanctions". Included in the list of international war sponsors by NACP.