Advertisement
News

Cavan-based Kingspan exits the Russian market

Apr 5, 2022 12:13 By News Northern Sound
Cavan-based Kingspan exits the Russian market
Share this article

Kingspan products will no longer be available for sale in Russia.

Cavan-based Kingspan has exited the Russian market.

In a statement, Kingspan says it's "deeply saddened by Russia's unjustified attack on Ukraine".

Kingspan has become the latest Irish company to withdraw from the Russian market.

Advertisement

In a statement, the firm adds that it has "divested its operations to local management".

While Kingspan says the decision was made in early March, it adds that it "has taken several weeks to ensure it could be completed in an orderly fashion, with the safety and welfare of our staff as a key priority".

Russia accounts for less than 1% of Kingspan's global operations and the move means Kingspan products will no longer be available for sale in Russia.

Advertisement

The Cavan-based company says it's "deeply saddened by the growing humanitarian crisis as a result of Russia's unjustified attack on Ukraine and its people".

Kingspan has made a donation of over €680,000 to UNICEF for the establishment of 5 Blue Dot Centres to assist refugees on the Ukrainian border, and are also providing additional local supports.

The announcement follows yesterday's statement by Kerry Group that it has suspended operations in Russia and Belarus.

Tags used in this article
Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Northern Sound FM. Developed by Square1 and Powered by PublisherPlus