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April 20, 2022 09:09 AM

Henkel to exit Russia

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    Dusseldorf, Germany – Henkel, which makes reactive polyurethane systems for pultrusion applications as well as a wide range of consumer products, is preparing to leave Russia.

    The company employs 2500 people in Russia. It is working on 'an orderly process' to leave the country. It has not yet been able to assess the financial impact that this will have on its business.

    'Henkel condemns the Russian war against Ukraine and the violence against innocent civilians. Our priority remains to do everything we can to support our colleagues in Ukraine,' said CEO Carsten Knobel. 

    He added that the company is offering financial donations, food, and material donations. ‘Many Henkel employees are also helping at the borders by distributing urgently needed goods or offering people a place to stay,' he said.
     

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