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 Back
Revenue(RF), mln.USD
28
Assets(RF), mln.USD
68
Capital(RF), mln.USD
26
Glob.Revenue, mln.USD
3651
Staff(RF), 2021
132
Taxes(RF), mln.USD
2

The 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.

The Company Statement
December 14, 2023

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.

May 02, 2023One of the largest manufacturers of equipment for metallurgy announced its withdrawal from Russia
March 24, 2023Letter sent by B4Ukraine to the company and the response provided
June 22, 2022Danieli - International sponsors of war
June 22, 2022Danieli produces steel processing machines. Can’t your machines be used to produce tanks or submarines? Would they have been resold by your customers to military companies?
June 21, 2022"The Italian Danieli continues to supply the Russian army", Kyiv's accusations against the multinational in the steel sector
April 24, 2022Spare parts are lacking and the goods do not arrive at the ports: this is how the Italian factories work in sanctions Russia
April 21, 2022Russia, 70% of Italian companies have decided to stay
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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