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

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Kronospan is an international (Austrian-founded, Cyprus-based) company that manufactures and markets wood-based panels that are used in areas such as flooring, furniture and timber-framed houses.

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

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Revenue(RF), mln.USD
910
Assets(RF), mln.USD
1847
Capital(RF), mln.USD
1395
Plants
4
Staff(RF), 2021
981
Taxes(RF), mln.USD
72
Glob.Revenue, mln.USD
3700
The Company Statement
December 19, 2023

Separated out all business activities in Russia. In 2 entities out of 4 there were following changes (probably an internal deal, part of the assets were transferred to companies from Qatar and the UAE): 12.2023: The entry about the founder of KRONOSPAN GMH LLC was removed from the Unified State Register of Legal Entities. ULTRADEKOR GMH LLC becomes the new founder of the organization | 12/15/2023: Full name changed from KRONOSPAN LLC to ULTRADEKOR LLC. 12.2023: The full name was changed from KRONOSPAN GMH LLC to ULTRADEKOR GMH LLC. 15.11.2023: The entry about the founders of KRONOSPAN HOLDINGS RUSSIA LIMITED and KRONOSPAN HOLDINGS EAST LIMITED was removed from the Unified State Register of Legal Entities. KAUZA HOLDING LLC and KAUZA-FTSKO become the new founders of the organization.

December 19, 2023LLC "KRONOSPAN OSB" - Republic of Bashkortostan - TIN 0272903150
April 04, 2023Kronospan confirms the separation of its business in Russia
April 01, 2022Worldwide sites | Kronospan Worldwide
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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