Clean Break: the company completely halting Russian engagements or exiting Russia

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Klingspor AG is one of the oldest manufacturers of abrasives in the world and employs around 2,900 people. The annual turnover is around 289 million euros. The family company Klingspor was founded in 1893 and became a stock corporation on January 1, 2005. Klingspor AG is based in Haiger.

 
 
 
 
 

Clean Break: the company completely halting Russian engagements or exiting Russia

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Revenue(RF), mln.USD
3
Assets(RF), mln.USD
2
Capital(RF), mln.USD
2
Staff(RF), 2021
40
Taxes(RF), mln.USD
1

“We have closed our three sites in Russia and completely ceased our sales activities. The export of our products there is now banned.”

The Company Statement
October 18, 2023

Received revenues in Russia in 2021 with significant drop in 2022. Klingspor companies worldwide confirm that Klingspor AG stopped supply and deliveries of any Klingspor products to Russia and resolved in June 2022 that Russian affiliated company Klingspor LLC in Moscow shall wind up its operative business within Russia.

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Statements Archive
October 18, 2023Klingspor International Sales Service — Klingspor Abrasive Technology
October 18, 2023Yellow - Our company — Klingspor Abrasive Technology
February 23, 2022Klingspor Sp.Z.O.O | Full Import/Export History | ImportGenius (latest deleveries dated Feb 23, 2022)
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