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 Coromant
Sandvik Coromant
Sandvik Coromant is a Swedish company that supplies cutting tools and services to the metal cutting industry. Sandvik Coromant is headquartered in Sandviken, Sweden and is represented in more than 150 countries with some 7900 employees worldwide.
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 CompletedRevenue(RF), mln.USD
12
Assets(RF), mln.USD
17
Capital(RF), mln.USD
17
Staff(RF), 2021
1256
Taxes(RF), mln.USD
4
The Company Statement
May 30, 2023
Sandvik paused its business activities in Russia on February 28 2022, and took the decision to wind down operations in Russia on June 29, 2022. The legal entity in Russia was liquidated on May 30, 2023.
| June 29, 2022 | Sandvik announces a non-recurring charge for the second quarter related to Russia |
| March 28, 2022 | Swedish engineering group Sandvik pauses Russian operations |
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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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