Bühler GmbHIMPA EventsViganTOC Europe 2023TelestackSailors Society
  • Sailors Society
  • Bühler GmbH
  • Telestack
  • IMPA Events
  • TBA Group
  • Vigan

Finland based Mantsinen suspends all exports to Russia

Finland based Mantsinen suspends all exports to Russia

(Posted on 08/03/22)

One of the global bulk handling equipment industry’s frontrunners, Mantsinen Group Ltd Oy, has announced that it is taking decisive action following the Russian aggressions towards Ukraine.

In a statement, the company said, “The military aggression by the Russian Federation against the independent state of Ukraine is upsetting and totally unjustified. Mantsinen Group Ltd Oy supports all EU sanctions issued against Russia and will act in full accordance. This News Release gives an update on the business activities Mantsinen Group Ltd Oy conducts in Russia and what actions we have taken as a consequence of the attack.

Russia has been the most long-lasting export market where Mantsinen has been active since 1990’s. In our Group there are two Russian subsidiaries. OOO Mantsinen is active in outsourced logistic services mainly for the forestry industry. Mantsinen Machinery is the official importer and distributor of Mantsinen material handling machines, spare parts as well as after-market services in Russia. Out of a total of 600 people working for Mantsinen, almost half work in Russia, mainly within the logistic services business line. Russia has accounted for approximately 20% of Mantsinen concern’s annual revenue. The equipment sales from Finland to Russia accounts today for a few percentage of the total concern revenue.

After the Russian aggressions towards Ukraine, Mantsinen has suspended all export activities to Russia and has started the required customer due diligence process on customers for both our subsidiaries. Naturally we have also suspended order intake for any new equipment, and we have decided not to accept any new equipment orders from Russia until further notice. Our logistic services customers in Russia have already been screened and cleared from the sanctions and we will continue to serve our customers in accordance with the commitments we have made with them wherever possible. Mantsinen will strictly follow all sanction regulations and we continue to monitor the situation. Both Mantsinen subsidiaries also continue to use external partners to verify and confirm the received customer data.

In Mantsinen we maintain our multi-cultural workplace spirit and we do not tolerate or accept any discrimination, harassment, or inappropriate behaviour in any circumstance at work or in our community. We are staying focused on the challenging situation at hand and continue to support the wellbeing of our personnel, both in Finland as well as Russia.

As a company we want to support the distress in Ukraine and have donated funds through the Red Cross. Additionally, the owners of Mantsinen have donated to destinations of choice privately and Mantsinen encourages its employees to do the same when possible.”

Latest News

DNV upgrades AFI platform to promote data-sharing and zero-carbon transition

(Posted on 28/03/23)

DNV has enhanced its Alternative Fuels Insight (AFI) data platform as part of an effort to accelerate... Read more


East African cement operator orders Siwertell road-mobile ship unloader

(Posted on 24/03/23)

Bruks Siwertell has secured an order for a next-generation Siwertell road-mobile ship unloader, which... Read more


Thordon Bearings delivers support to wind power-in-a-box technology

(Posted on 20/03/23)

Thordon Bearings is supplying its grease-free, self-lubricating ThorPlas-Blue bearing material to a... Read more


New Chairman and CEO for BIO-UV Group

(Posted on 20/03/23)

French water treatment specialist BIO-UV Group has appointed Laurent-Emmanuel Migeon as its new Chairman... Read more


Anglo-Eastern enhances fleet performance with Wärtsilä’s CII tool

(Posted on 07/03/23)

With Wärtsilä’s CII Dashboard, Anglo-Eastern is now able to make better informed decisions... Read more


Siwertell ship unloaders for new Chinese power station

(Posted on 07/03/23)

Bruks Siwertell has completed the commissioning of two large-scale Siwertell ST 790-D-type ship unloaders... Read more


Green Ray project to minimise methane slip from LNG-fuelled engines

(Posted on 28/02/23)

A consortium including technology group Wärtsilä has secured European Union funding to develop... Read more


Latest USA operator selects Siwertell ship unloading technology

(Posted on 28/02/23)

Bruks Siwertell has received an order for a next-generation Siwertell road-mobile ship unloader from... Read more


Survitec’s pre-inspection delivers greater safety servicing efficiencies

(Posted on 24/02/23)

Global Survival Technology solutions provider Survitec has introduced a new, formalised pre-inspection... Read more


Small propellor defects can result in increased radiated noise

(Posted on 24/02/23)

The slightest deviation in the machining, polishing, and finishing of ships’ propeller blades... Read more


The Wolfson Centre for Bulk Solids Handling Technology Port of South LouisianaPort of StocktonVan AalstTOC Europe 2023Cimbria
  • Port of Stockton
  • Van Aalst
  • Cimbria

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping