Klingspor
LeaveRussia detail: Withdrawal
Klingspor AG is one of the oldest manufacturers of abrasives in the world and employs around 2,900 people. The annual turnover is around 289 million euros. The family company Klingspor was founded in 1893 and became a stock corporation on January 1, 2005. Klingspor AG is based in Haiger.
Business in Russia
“We have closed our three sites in Russia and completely ceased our sales activities. The export of our products there is now banned.”
Decision trail
Decision date 18/10/2023 · Reference ↗
Received revenues in Russia in 2021 with significant drop in 2022. Klingspor companies worldwide confirm that Klingspor AG stopped supply and deliveries of any Klingspor products to Russia and resolved in June 2022 that Russian affiliated company Klingspor LLC in Moscow shall wind up its operative business within Russia. Ceased to receive income in Russia in 2023.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
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