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

Wait Scaling Back

Tikkurila Oyj is a Finnish manufacturer of paints and varnishes.

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

Wait Scaling Back
Revenue(RF), mln.USD
176
Staff
1370
Capital, mln.USD
96
Assets, mln.USD
93

Due to the inability to sustainably operate at even the bare minimum, PPG Industries has made the decision to activate options to exit Russia, including a possible sale or controlled exit from the Russian market.

The Company Statement
March 24, 2022

Reduce Russian operations; stop sales to aerospace. Due to the inability to sustainably operate at even the bare minimum, PPG Industries has made the decision to activate options to exit Russia, including a possible sale or controlled exit from the Russian market.

June 23, 2022PPG and Tikkurila activate options to exit Russia
April 29, 2022The governor of the Lipetsk region promised to support the PPG plant
June 22, 2022Tikkurila leaves Russia
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.