Metso Outotec ends wind down and discontinues business in Russia

25 April 2023

Finland-based international sustainable technology specialist Metso Outotec has discontinued its business in Russia after a winding down process that started last year.

The company has not taken any new orders from Russia since the invasion of Ukraine 14 months ago and said it has fully complied with all applicable sanctions against Russia.

It also booked a one-off charge of €150 million (US$160 million) into its accounts in the second quarter of 2022…

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Neel Madsen
Neel Madsen Editor Tel: +44 (0) 1892 784088 E-mail: [email protected]
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