The Sulzer board of directors has decided to exit the Russian market.
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The Swiss engineering group, which has already significantly reduced its enterprise activities in Russia, mentioned a sales course of will start immediately.
In an announcement, Sulzer said that the board regrets the need of this decision “but after cautious review of the attainable options, concludes that it’s the greatest answer for all of the stakeholders.”
The firm said it is absolutely dedicated to continuing to support its 300 staff in Russia via the process.