Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalGrundfos is the largest pump manufacturer in the world, based in Denmark, with more than 19,000 employees globally. The annual production of more than 16 million pump units, circulator pumps, submersible pumps, and centrifugal pumps.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalIndividuals from the local management of the company in Russia are poised to take over the activities in Russia and Belarus. The new owners will acquire two companies in Russia, but won’t be allowed to use the brand name or intellectual property rights, which fully belong to Grundfos.
Closes business in Russia and Belarus: The decision to fully close business in Russia and Belarus is reflected in the upcoming announcement of Grundfos’ half-year results. A significant one-off cost of DKK 851m related to the closing of business in Russia and Belarus will be reported.
June 15, 2023 | |
November 30, 2022 | Yale's SOM List |
August 24, 2022 | Grundfos closes its business in Russia and Belarus |
March 20, 2022 | The world's largest manufacturer of pumping equipment suspends production at a plant in the Russian Federation |
March 01, 2022 | Grundfos pauses its business activities in Russia |