The management of the Japanese industrial equipment manufacturer Yanmar Holdings has decided to completely cease its operations in Russia from April this year. In this respect says In the press release of an Asian company.
Since 2014, Yanmar Holdings, a subsidiary, has been operating in the Russian market. Following the escalation of the conflict in Ukraine at the end of February 2022, the company decided to suspend its activities in the Russian Federation. Now we are talking about the complete closure of the enterprise, which is stated in the manufacturer’s description.
Yanmar Holdings Co., Ltd. It completely ceases all commercial activities in Russia. Yanmar Group will cease all operations in our local subsidiary, LLC Yanmar RUS, as soon as the procedures are completed. The cessation of activities is expected to take effect from the beginning of April 2023,” the document states.
Until recently, Yanmar RUS Limited Liability Company (LLC), based in Moscow, was engaged in the sale and maintenance of industrial equipment and spare parts. Since March 2022, the company has suspended its activities in the Russian Federation domestic market, but has continued some activities related to customer service. It is stated in a press release that starting April this year, the company will stop providing these services.
On March 8, he learned about the plans of another foreign company to leave the Russian market. The newspaper “Kommersant” with reference to the Managing Director of the company Nikolai Setzer reportedThe leadership of the German tire and automotive electronics manufacturer Continental AG plans to close its business in Russia. In particular, the company will sell a tire factory located in Kaluga.