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Bulten Has Decided to Exit Its Operations in Russia Due to the Current Situation
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2022-03-22
The exit process starts immediately. The ambition is for the process to occur in a controlled way to secure obligations towards employees, customers and other business partners.
Bulten has 125 employees in Russia, and is since 2012 running its business through a Joint Venture with the automotive manufacturer GAZ.
Earlier this week, Bulten made the decision to move all production made in Russia for external markets to Europe.
Bulten’s decision to terminate its business in Russia will not have a significant impact on the company’s income since the domestic sales in Russia is equal to 1.6% of the total annual sales. However, the exit might involve write-downs. More detailed information will be communicated later in the process.
Sweden Bulten
exit operation in Russia
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退出俄國營運
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