Konecranes has started to deliver its final crane order to Russia after announcing that it will stop taking new orders from the country amid its war with Ukraine.
An undisclosed European company ordered cranes for a Waste-to-Energy recycling site outside Moscow in 2019 from Konecranes.
The order has since been delayed by the Russia-Ukraine conflict.
Once this order has been delivered, Konecranes will have no further outstanding orders to Russia.
Konecranes wrote off the order in 2022, and this is the only write-off the company will deliver to Russia, Konecranes reported.
“We took the decision to start deliveries as breaching the contract would have exposed the company to possible significant financial risk that could damage our business for both the short and long term,” said Konecranes in a statement.
“The delivery does not infringe on European Union sanctions against Russia,” the company added.
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Konecranes has made steps to wind down its business in Russia with cutting its employee headcount from 200 before the war, to less than 10 by the end of 2022.
This announcement comes in the same week that PSA Sines, the Portuguese subsidiary of PSA International, purchased for the first time six Automated Rubber-Tyred Gantry (ARTG) systems from Konecranes.
