Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Maxam
Maxam
Maxam Explosives is one of the largest explosives manufacturers in the world.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackRevenue(RF), mln.USD
1
Plants
9
Staff(RF), 2021
250
Taxes(RF), mln.USD
1
The Company Statement
May 21, 2025
Still operating in Russia. The Spanish company Maxam, one of the world's largest manufacturers of explosives, continues to manufacture its products in Russia despite EU and US sanctions. In particular, through its division in Uzbekistan, Maxam supplies ammonium nitrate to both Russia and Iran. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.
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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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