Independent journal on economy and transport policy
13:45 GMT+1
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Konecranes has suspended deliveries to Russia
Liebherr announced the adjustment of the activity to the sanctions imposed on Russia
March 7, 2022
In Ukraine, in Zaporozhia, in the south-eastern part of the country, Konecranese has a factory of cranes and components for the markets eastern European plant that also provides capacity for the production of cranes destined for the West. The factory has about 350 employees to which are added about 70 people who work in the areas of services, the provision of parts of spare parts and carry out commercial activities. These are staff almost entirely made up of persons of the place. Konecranes announced that since last February 24, the day in which the Zaporozhia factory was closed, he invited all their employees in Ukraine to stay at home, continuing to ensure their salary. In 2021 net sales of the Finnish company in Ukraine was equal to less than five million euros.
The German manufacturer of lifting equipment Liebherr also has announced the application of measures resulting from the conflict in Ukraine based on the application of sanctions imposed on Russia. Liebherr specified that such measures will have an impact on the activity of the company in Russia, of which at the moment it is not you can predict the entity.
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