Companies in the timber industry / Daily News / Global Trends / Forestry / Wood Products / Woodworking machinery / Europe / Global / Russia
April 27, 2022
Ponsse removes Russian orders for Euro 109 million from order book
The crisis in Ukraine has a significant impact on Ponsse’s operations and finances, company said in its 1Q 2022 report. All export operations for machines and spare parts to Russia and Belarus were suspended following the company’s announcement on 2 March 2022. Ponsse has also discontinued temporarily the operations of the Russian subsidiary. Russia has been the world’s largest market for CTL machines, accounting for 20 per cent of Ponsse’s net sales in the previous financial year. Russian subsidiary OOO Ponsse has been the largest business branch of the Ponsse Group. It ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!