Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
DMG MORI has 16 production plants and 113 sales and service centers in 88 countries. DMG MORI's services cover the entire machine tool life cycle, including training, repair, maintenance and spare parts. DMG MORI COMPANY LIMITED has sales of approximately 3.4 billion euros.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackIn the Russian market, DMG Mori operates through DMG Mori Rus LLC, which is 99% owned by DMG Mori Sales and Service Holding, registered in Switzerland, and 1% owned by DMG MORI Vertriebs und Service GmbH, Bielefeld. In addition, DMG Mori operates a machine tool plant in Ulyanovsk (Ulyanovsk Machine Tool Plant LLC), which is owned by the German company GILDEMEISTER Beteiligungen GmbH, a member of the DMG Mori Group. Russian President Vladimir Putin signed a decree on the transfer of 100% of the shares of the Ulyanovsk Machine Tool Plant to the temporary management of the Federal Property Management Agency. The plant belonged to the German subsidiary of DMG MORI - Seiki Gildemeister Beteiligungen. It produced a wide range of turning and milling machines.
At the end of February 2022, DMG Mori announced that it would cease all sales and service in Russia, as well as all production at its plant in Ulyanovsk. However, the available information shows that certain Russian companies of DMG Mori remain active participants in the Russian market, which contradicts official statements that such companies as DMG Mori Rus LLC are not actually operating and perform only administrative functions. In particular, according to the decision of the Moscow Arbitration Court of 03.07. 2023 No. A40-51758/23-62-407, DMG Mori Rus LLC supplied machine tool components in July and August 2022 to Saturn Instrument Plant JSC, a subsidiary of UDK-Saturn, a manufacturer of gas turbine engines for military aircraft under sanctions imposed by the EU, the USA, Canada, Switzerland, Japan, Ukraine and New Zealand. Included in the list of international war sponsors by NACP. The company’s services cover the entire cycle of a machine tool, including training, repair, maintenance, and spare parts. At the end of February 2022, DMG MORI announced that it would cease all sales and service in Russia, as well as all production at its Ulyanovsk plant. In reality, DMG MORI remains an active participant in the Russian market, which contradicts its official statements.