Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
JCB (J C Bamford Excavators Ltd.) is a British multinational manufacturer of equipment for construction, agriculture, waste handling, and demolition, founded in 1945 and based in Rocester, Staffordshire, England.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackRussian customs records show that JCB, whose owners are major donors to the Conservative Party, continued to provide new products to Russian dealers even after March 2, 2022, when the company publicly said it had "voluntarily suspended exports" to Russia.
Paused all operations and exports of machines and parts in Russia. Operations include offices and a factory supplying Russian market. JCB stopped exporting to Russia in early March, saying it would “pause” operations in the country. But an Observer investigation reveals how Lonmadi and Kwintmadi have continued to sell JCBs, even offering customers credit from Gazprombank Autoleasing, an arm of Russian bank Gazprombank, to buy them. No official position, they were present on recent Moscow Truck Expo.