Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

GEA Heating & Refrigeration Technologies GmbH, with headquarters in Berlin, Germany, is a developer, manufacturer, and supplier of industrial heating and refrigeration technology.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Revenue(RF), mln.USD
120
Assets(RF), mln.USD
78
Capital(RF), mln.USD
37
Staff(RF), 2021
565
Taxes(RF), mln.USD
16
Glob.Revenue, mln.USD
5430
The Company Statement
August 10, 2022

Still operating in Russia. GEA has initiated measures to scale down its Russian operations as international sanctions increasingly impact the company’s business activities. We are committed to supporting the affected employees and will carry out the associated restructuring measures in compliance with all applicable laws. GEA will continue to maintain scaled down operations to enable the production of essential food and medicine for the local population.

June 25, 2023Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain | Yale School of Management
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