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 Back
Revenue(RF), mln.USD
73
Assets(RF), mln.USD
68
Capital(RF), mln.USD
67
Glob.Revenue, mln.USD
5028
Staff(RF), 2021
58
Taxes(RF), mln.USD
18

Russian 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.

The Company Statement
May 25, 2023

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.

May 17, 2024JCB defends supplying Russia for months after saying it had stopped exports
May 15, 2024JCB built and supplied equipment to Russia months after saying exports had stopped
May 25, 2023I Went to a Russian TRUCK Expo in 2023: CTT Expo - YouTube
July 23, 2022The curious case of the Russian JCB dealer and the millionaire
March 02, 2022Ukraine conflict: JCB announces pause in business with Russia
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