Clean Break: the company completely halting Russian engagements or exiting Russia

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DMG MORI CO., LTD. manufactures and markets machine tools and related products. The Company's product line includes numerical control (NC) and high-speed precision lathes, horizontal and vertical machining centers (MCs), and other stationary machine tools capable of performing various tasks. The Company also produces and sells measurement devices.

Clean Break: the company completely halting Russian engagements or exiting Russia

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Revenue(RF), mln.USD
1
Glob.Revenue, mln.USD
2781
Staff(RF), 2021
135
Capital(RF), mln.USD
96
Assets(RF), mln.USD
97
Taxes(RF), mln.USD
4

Stopped all business activities in Russia. Former employees of the German-Japanese holding DMG Mori supply machine tools to Russian defense enterprises.

The Company Statement
June 09, 2022

Japanese machine tool manufacturer Mori Seiki has completely stopped doing business in Russia. President Masahiko Mori has said that the machines they make are subject to sanctions because they can be redirected to the production of weapons. President Vladimir Putin signed an order transferring 100% of the shares of Ulyanovsk Machine Tool Plant LLC to the Federal Property Management Agency for temporary management. The plant belonged to the German subsidiary of DMG MORI - Seiki Gildemeister Beteiligungen.

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Statements Archive
August 01, 2024Russia: DMG Mori's subsidiary still generates profit despite co's withdrawal, according to new investigation; incl. co. response
August 01, 2024DMG Mori's response
August 01, 2024It’s time to hit Putin where it hurts
July 08, 2024Former employees of the German-Japanese holding DMG Mori supply machine tools to Russian defense enterprises
June 27, 2024Machines from German company apparently still traded in Russia
June 27, 2024One of the world's largest manufacturers of machine tools could supply them in Russia until Putin took over the plant. These machines are also needed by the military industry
February 19, 2024Putin transferred the Ulyanovsk Machine Tool Plant to the management of the Federal Property Management Agency
Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain | Yale School of Management
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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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