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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Wood Products / Woodworking machinery / Europe / Global / North America / Russia
March 15, 2022

Forestry machinery manufacturers hit by delivery stop to Russia

Forestry machinery manufacturers hit by delivery stop to Russia
The Ukraine war has had a significant impact on the global economy. The manufacturers of forest machines are also affected, because as far as is known they have probably cut all their business relationships with Russia until further notice. Kesla Oyj already announced on February 25th that due to the EU sanctions, planned deliveries worth more than €10m were cancelled. John Deere Forestry, which makes around 20% of its sales in Russia, also stopped all sales to Russia on February 25, and spare parts are no longer delivered.    Tigercat, EcoLog and Komatsu Forest, Sampo Rosenlew and ...

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