Manitowoc halts business in Russia
By Niamh Marriott19 April 2022
Manitowoc has announced it has been curtailing its operations in Russia since the beginning of the conflict in Ukraine and has stopped taking new crane orders.
Manitowoc at the ConExpo exhibition in March 2020 (Photo: Manitowoc)
It said that with roughly 20 local employees, sales to Russia were less than two percent of total sales in 2021.
Aaron H. Ravenscroft, president and CEO of the Manitowoc Company, said, “While doing our best to support our local team members, we have and will continue to comply with all sanctions and conduct our business in accordance with all applicable laws.
“The safety and well-being of our employees and their families are our top priorities.”
MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Related Articles
Conflict will lead to fall of 3.4% in Eastern Europe’s construction output in 2022, says market analyst GlobalData
In time, sustainable materials could make up the structural world around us. Could these next examples be contenders for the future of engineering?
How rising costs for energy and materials are impacting the global construction industry
Data from the Kyiv School of Economics revels the scale of the infrastructure damage in Ukraine due to Russia’s invasion
Long Reads
Erika Sims and her team are full speed ahead in the realm of heavy haul in the Sunshine State.
Crawler cranes, both new and updated, are proving their power on construction sites. Niamh Marriott reports
Three experts discuss market indicators – interest rates, inflation and the possibility of a recession.
CONNECT WITH THE TEAM
Alex Dahm
Editor, International Cranes and Specialized Transport
Tel: +44(0) 1892 786 206
E-mail: alex.dahm@khl.com
