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News Rockwool out of contact with Russian subsidiary

Rockwool out of contact with Russian subsidiary

Written by Global Insulation staff
07 October 2022
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Russia: Denmark-based Rockwool says that it is entirely out of contact with its Russian business, under on-going EU trade sanctions against the country. As such, the group now views its relationship to its Russian plants merely as an ownership of shares.

EnergiWatch has reported that Saint-Gobain has described a similar situation in relation to its operations in the sanctioned nation. The France-based producer said "The Russian part of our business has lived a self-governing and strangled existence since the start of the invasion. This happened to secure jobs for our employees." It added "We have stopped all investment projects."

Last modified on 07 October 2022
Published in Global Insulation News
Tagged under
  • Russia
  • Rockwool
  • EU
  • war
  • sanctions
  • corporate

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