Alfa Laval cuts shipments to Russia
7th March 2022SWEDEN: Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has announced a pause on all shipments in and out of Russia.
The markets in Russia and Ukraine are said to be worth approximately SEK1bn (€93m) per year to the Swedish manufacturer, equivalent to about 2% of total sales.
The company, which is a major supplier of brazed plate heat exchangers to the air conditioning and refrigeration industry, says it is also evaluating existing orders and open projects. The total order book in Russia and Ukraine amounts to approximately SEK750m (€69m).
In a statement, Alfa Laval says: “The priority for Alfa Laval is to ensure the safety and wellbeing of its employees and provide support to those in the affected areas.
“The Russian invasion of Ukraine is affecting Alfa Laval in many ways. The priority for Alfa Laval is to ensure the safety and wellbeing of its employees. Alfa Laval is providing financial and other support to affected employees. As the war is escalating, Alfa Laval will continue to review how to support and help its employees in the area – in the short and the long term. In addition, Alfa Laval will evaluate how it can further support the victims of the conflict.”
Alfa Laval says it has a team of 240 employees in Russia and Ukraine. The team will be maintained “despite the expected low utilization in the near term”, while it assesses the longer-term implications of the war on the Russian market.