Bosch Considers Options for Russia-Based Factories Amid Sanctions Impact
Global engineering and electronics group Bosch is weighing different paths for its plants in Russia. The company told TASS that it is examining negotiations with a Turkish investment fund as part of its broader strategy to address the current market situation.
According to Bosch, the majority of its business with Russian customers and within Russia has been halted or suspended for months due to government restrictions and international responses to the conflict. The two main manufacturing sites in St. Petersburg, which produce refrigerators and washing machines, are presently shuttered. Despite factory downtime, Bosch continues to offer services to Russian customers where possible.
Bosch noted that it is evaluating several options and is preparing detailed plans that comply with applicable laws and regulatory requirements. These steps are being taken while the company continues to monitor the evolving geopolitical and economic landscape in the region.
Earlier media coverage indicated that talks were held about selling the St. Petersburg plants to the Turkish investment firm Can Holding. Reports cited Huseyin Imanov, founder of the Russian company Jacky’s, who claimed that a competitor, Hisense of China, withdrew from the negotiations after Can Holding boosted its bid twice.
It has also been reported that the remaining roughly 30 Bosch managers in Russia were laid off as the company shifted away from direct appliance sales to Russian retailers. Sources suggest Can Holding intends to use the acquired capacity to supply brands in other markets by launching its own production line in Russia.
Beyond Bosch, several foreign businesses have reassessed their exits from the Russian market in light of sanctions, regulatory changes, and market volatility. The broader pattern reflects a careful recalibration by multinational manufacturers as they balance legal obligations with strategic positioning in a rapidly changing environment.
Earlier developments also touched on brand licensing issues in the region. In a separate note, Baltika was permitted to use certain Carlsberg beer brands, illustrating how local licensing and branding arrangements continue to evolve under the current economic climate.