Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Sandvik AB is a Swedish multinational engineering company specializing in metal cutting, digital and additive manufacturing, mining and construction, stainless and special steel alloys, and industrial heating. The company was founded in Sweden in 1862.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
108
Assets(RF), mln.USD
67
Capital(RF), mln.USD
12
Glob.Revenue, mln.USD
11102
Staff(RF), 2021
1900
The Company Statement
September 15, 2022

Suspended all operations in Russia; Ferronordic and Sandvik terminated their dealer agreements for Russia. 11.2023: The entry about the founder of SANDVIK AB JSC was removed from the Unified State Register of Legal Entities. GPS SUPPLY GENERAL TRADING L.L.S. (UAE) becomes the new founder of the organization.

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Statements Archive
November 23, 2023LLC "SIBERIA GT" - Moscow - General Director Nikonenkov D.V. - Taxpayer Identification Number 7743051544
June 29, 2022Sandvik announces a non-recurring charge for the second quarter related to Russia
February 28, 2022Swedish engineering group Sandvik pauses Russian operations
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