Guardian Glass Exits Russia with Sale of Glass Plants to Private Enterprise

Guardian Glass has sold its business in Russia, which included two glass plants employing approximately 600 people. The purchaser is a private enterprise in the construction industry. Dave Robertson, president and COO of Koch Industries, the parent company of Guardian Glass, says the exit strategy maintains the company’s commitment to employee safety while preventing the Russian government from taking control and benefiting from the operations.

Koch Industries called for the shutdown of the two plants in April 2022 as the invasion of Ukraine made continued operations “untenable.” The company condemned Russia’s “actions and aggressions” at the time and continues to do so.

However, employee safety was an ongoing concern. Robertson wrote that float operations would remain open lest the Russian government take control and benefit from the manufacturing facilities.

Robertson said the company would work with its local management team to find an exit strategy that kept employees’ safety in mind.

“As of today, Guardian has responsibly and safely accomplished this—having sold its business in Russia to Vladimir Alexandrovich Voronin, president of FSK Group, a private enterprise in the construction industry,” Robertson announced. “This is an outcome facilitated and supported by plant employees and complies with all applicable sanctions, laws and regulations.”

Grenzebach, SORG Create New Company

Grenzebach Maschinenbau GmbH and Nikolaus SORG GmbH & Co. KG, both suppliers of glass production technology, announced a joint venture that will create a new company, GS Engineering GmbH (GSE). The two companies will merge their supply and provide engineering services for the production and processing of glass.

GSE will support Grenzebach and SORG in project and service developments, including works planning and architectural and construction planning. Additionally, the new company will assist in planning the complete media and power supply, as well as services for project management, construction supervision, commissioning up to technical assistance and production support.

According to GSE, this gives customers full access to the latest technological developments for sustainable and revolutionary glass production.

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