All russia Articles
Julien Le Vély replaces Nick Block as director of Global Marketing & Sales
Reuters reports buyer is oil services company
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President Vladimir Putin has approved the purchase of the Russian assets of U.S. machinery maker Caterpillar by Russia’s PSK-New Solutions, owned by ex-Sberbank executives, according to a decree published on Monday and a corporate database.
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Company hasn’t received natural gas since April 2022
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Revenues up 32% led by Components sales of $3.6 billion
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Company discontinues business in response to Ukraine attack
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Construction and agricultural equipment manufacturer CNH Industrial has sold its business in Russia for US$60 million.
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Subsidiary Yanmar RUS will no longer offer customer service in heavily sanctioned country
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Chief executive said company has no immediate plans for full exit
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Plan to wind down Russian assets
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Second quarter revenues of $6.6 billion represent an 8% increase over Q2 2021
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First quarter saw high revenue growth in North American construction and resource industries
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Country accounts for roughly 5% of company’s overall market
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Conflict will lead to fall of 3.4% in Eastern Europe’s construction output in 2022, says market analyst GlobalData
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Group also issues statement of sympathy and support
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Company said war having a “massive impact” on its business and could force an exit from Russia and Ukraine