Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Jungheinrich AG is a German manufacturer of material handling and warehouse equipment.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalForklift manufacturer Jungheinrich is preparing to exit the Russian market. The company announced that its board has decided to start negotiations with three Russian financial investors regarding the sale of its Russian subsidiary Jungheinrich Lift Truck OOO. “The sale of the assets will mean the termination of Jungheinrich’s activities in Russia,” the company said.
Keep Russia office; stop exports to Russia. Revenue increased in 2024 vs 2023 by more than +30%. The forklift manufacturer Jungheinrich is preparing to withdraw from the Russian market. The company announced that its management board has decided to enter negotiations with three Russian financial investors regarding the sale of its Russian subsidiary, Jungheinrich Lift Truck LLC. "The divestment would mean the termination of Jungheinrich's business activities in Russia," the company stated.
| April 01, 2022 | Jungheinrich stops all exports to Russia and Belarus (deleted later) |