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Yanmar Group Suspends All Business Operations in Russia
March 7, 2023
Yanmar Holdings Co., Ltd.
Osaka, Japan (March 7, 2023) - Yanmar Holdings Co., Ltd. today announced that it will fully withdraw from all business operations in Russia. The Yanmar Group will cease all operations at our local subsidiary, Yanmar RUS LLC, as soon as procedures are completed. The termination of operations is expected to take effect from early April of 2023.
Located in Moscow, Yanmar RUS LLC has conducted sales and service of industrial equipment and service parts since February 2014. Due to the suspension of product supplies to and payments out of Russia, Yanmar RUS LLC had already suspended its business in Russia from March 2022, with the exception of some operations such as customer service. Yanmar has been closely monitoring the situation but has determined that it is not possible to continue our business in Russia under the current circumstances.
About Yanmar
With beginnings in Osaka, Japan, in 1912, Yanmar was the first ever to succeed in making a compact diesel engine of a practical size in 1933. A pioneer in diesel engine technology, Yanmar is a global innovator in a wide range of industrial equipment, from small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine, to machine tools, and components — Yanmar’s global business operations span seven domains. On land, at sea, and in the city, Yanmar provides advanced solutions to the challenges customers face, towards realizing A Sustainable Future.
For more details, please visit the official website of Yanmar Holdings Co., Ltd.
Inquiries:
Corporate Communications, Yanmar
newsroom@yanmar.com
- Note: Information contained in the news release is valid at the time of publication and may differ from the most recently available information.