Mammoet halts new business in Russia

International heavy lift and transport specialist Mammoet’s parent company has issued a statement outlining its stance in the Russia and Ukraine situation.

For now, Mammoet owner SHV said, no new investments, no new projects and no new exports to Russia will be undertaken.

The company’s full statement appears below:

“During the past days SHV, Mammoet’s parent company, has followed the tragic events in Ukraine with sadness and disbelief. Our deepest sympathy goes out to all the people and families seeking safety, shelter and peace following the violation of the territorial integrity of Ukraine by Russia.

“In line with the SHV Purpose, our first priority is the well-being of our over 1,100 employees and their families in the region. Our teams are working around the clock to help secure their safety, using all the resources that are available. We will keep all our employees in mind throughout the region as we navigate through this crisis.

“For now, no new investments, no new projects and no new exports to Russia will be undertaken. Simultaneously, we asses our current and future obligations on a continuous basis as the situation evolves. We fully adhere to the sanctions, both in spirit and in law and make sure we stay compliant in what we do.

“In support of international efforts, we contribute to this humanitarian crisis in a practical way. For example, our colleagues from Gaspol, our Polish activities from SHV Energy, are providing gas bottles for heating to the shelters of refugees.”

For more on the impact on the Russia-Ukraine situation’s implications for the construction industry, click here. 

Check back at: www.internationalcranes.media for updates on the impact of the Russia-Ukraine situation.