Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Lemken (proper spelling LEMKEN) is a company that specializes in product development, production and sales of agricultural technology. It was founded in 1780 by Wilhelmus Lemken as a blacksmith shop and has developed into a leading company in the fields of soil cultivation, seeds and crop protection.

 
 
 
 

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Revenue(RF), mln.USD
27
Assets(RF), mln.USD
34
Capital(RF), mln.USD
25
Staff(RF), 2021
37
Taxes(RF), mln.USD
3
The Company Statement
February 02, 2024

Still operating and advertising in Russia. In addition to cultivators, the LEMKEN company also supplied disk harrows to Russia. It is among the top five suppliers of disc harrows (9.41% market share), and among the top ten suppliers of cultivators (3.39% market share). In all cases, deliveries were made from Germany to its own representative office "LEMKEN Rus", registered in the Kaluga region. Revenue decreased in 2024 vs 2023 by more than -20%.

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February 07, 2024They ignored the invasion and "ate" competitors: how do Western manufacturers of agricultural machinery work in the Russian Federation
Demand to Leave Russia:Petition text has been copied to the clipboard.
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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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