Beijer Alma suspends operations in and sales to Russia
March 03, 2022 at 03:01 am EST
Share
Beijer Alma will under current circumstances temporarily stop its operations in and sales to Russia. This is done to ensure the close monitoring of developments of the highly uncertain situation and to assess the consequences of recent sanctions.
In 2021, Beijer Alma Group had sales of just over SEK 100 million on the Russian market.
Beijer Alma AB is a Sweden-based company engaged in the production of components and industrial trading. Its business concept is to acquire, own and develop small and medium-sized companies with growth potential. Its operations are conducted by the subsidiaries focused on industrial customers. Lesjofors is an international supplier of industrial springs, wire and flat strip components. Habia Cable is a manufacturer and marketer of cables and cable systems for demanding applications, such as mobile telecommunication, defense, nuclear power and infrastructure. Beijer Tech is a company focused on industrial trading within the areas of hoses, fittings, rubber sheeting, wear protection, power transmission and surface treatment, as well as foundry, steelworks and smelters. The Company has approximately 40 subsidiaries active in Denmark, Norway, Finland, the United Kingdom, Germany, Latvia, China, Russia, Slovakia, the Netherlands, the United States, France and Poland.