REHAU Group to Sell Business in Russia to Local Management; Withdraws from Country

REHAU, headquartered in Muri, Switzerland, is selling its business in Russia to the local management and withdrawing from the country entirely. The announcement came after the news in March that REHAU would scale down its operations in Russia in a controlled manner. Earlier this year, the company condemned Russia’s attack on Ukraine, announcing that it would suspend operations in the country and Belarus.

Companies with operations in Russia have been concerned about employee welfare throughout the conflict. With its March announcement, REHAU highlighted multiple avenues for support that included an emergency aid fund and an account for donations from its 20,000 employees worldwide. The group wrote in its most recent release that the latest developments resulted in the “unavoidable” decision to sell its business in Russia. Both parties signed a corresponding preliminary agreement.

REHAU is just one of many companies that have suspended operations and closed in Russia since the country invaded Ukraine in February 2022. That includes VELUX Group, which closed operations in Russia and Belarus toward the beginning of April. Koch Industries, the parent company of Guardian Glass, took similar actions toward the end of April. In April 2022, Koch announced that float operations would remain open lest the Russian government take control and benefit from the facilities. Koch also cited employee safety as a reason for keeping the facilities operational as the Russian government threatened criminal prosecution for employees of manufacturing facilities that cease operations. However, by the end of April, Koch Industries instructed employees to shut down its two glass plants in Russia.

The REHAU Group includes Meraxis, New Ventures, RAUMEDIC, REHAU Automotive and REHAU Industries.

Forster Profilsysteme AG Breaks Ground on New Facility

A groundbreaking ceremony marked the start of construction for Forster Profilsysteme AG’s new campus in Romanshorn, Switzerland. The steel and stainless steel door, window and façade systems manufacturer is investing approximately $54 million in the project, located in the Swiss canton of Thurgau. Measuring more than 30,000 square meters, the company says its new campus will “set standards in design, technology and sustainability” while bringing together employees who have previously been spread across two locations. Completion is scheduled for 2024 to mark the company’s 150th anniversary.

Forster says the new campus will be the first commercial building in Switzerland to receive a LEED certification at the gold level.

To view the laid-in version of this article in our digital edition, CLICK HERE.