Due to the situation in Ukraine, the disruption in the supply chain surrounding Komatsu has become extremely difficult and the impact on the financial and economic situation remains uncertain. So, in line with its crisis management policy, Komatsu has set up an emergency task force headed by its president and CEO Hiroyuki Ogawa, in which information is being gathered and analyzed, and future measures are being discussed. Source: Timberbiz
Due to the current supply chain disruption and the uncertainty of the financial and economic situation, the company has decided to suspend shipments to Russia for the time being.
The Komatsu Group’s top priority is the safety and health of all stakeholders, including its employees and their families, customers and suppliers, and the many global communities in which the company does business. Komatsu is deeply concerned about the current situation in Ukraine and is closely monitoring developments.
Ponsse has decided to temporarily discontinue all export operations to Russia and Belarus for PONSSE forest machines and spare parts.
The Ponsse Group’s Russian subsidiary OOO Ponsse has also temporarily discontinued its local spare parts and service operations.
Sales in Russia and Belarus account for about 20% of the company’s net sales calculated from the 2021 financial statements.
As a result of the Russian invasion of the sovereign state of Ukraine, and the resulting catastrophic loss of life, Tigercat has made the decision to suspend shipments of all whole goods and spare parts to Russia.
Tigercat regrets that dealer partners and end users in Russia that are involved in peaceful endeavours, and have no part in this devastating conflict, may suffer adverse effects as a result of this decision. At this time, there is no timeline or visibility as to when shipments to Russia may resume.
As a result of Russian aggression against Ukraine, the geopolitical situation in Europe has permanently changed. This has wide-reaching human, political and economic implications in Europe and the situation is evolving rapidly. Tigercat’s primary concern are the people suffering from the war.
UPM will cease its deliveries to Russia for the time being. UPM businesses will keep Russian customers and suppliers informed of the situation. While the forest industry is not directly targeted by the international sanctions at the moment, sanctions against the financial sector may impact UPM’s or its customers’ businesses and transactions in Russia.
The full impact of the current and possible new sanctions and countersanctions will be known only as the situation evolves. UPM monitors the situation closely and makes decisions accordingly.
UPM has employees, customers and suppliers in both countries but UPM’s exposure to Russian and Ukranian markets is limited. UPM Raflatac has a distribution terminal in the Kyiv region with 13 employees. The terminal operations have been closed until further notice.
In Russia, UPM employs 800 persons most of whom work at the Chudovo plywood mill. The operations are currently running as usual.
