IMCD stops its business in Russia
April 29 2022 - 1:00AM
IMCD stops its business in Russia
ROTTERDAM, The Netherlands (29 April 2022) – The
Management Board of IMCD N.V. (hereafter “IMCD” or the “Company”)
has decided to discontinue business in Russia and close its offices
in St. Petersburg and Moscow. This follows IMCD’s decision of early
March to suspend import and export operations in Russia and scale
down the local business due to increasing international
sanctions.
IMCD will wind down its operations and continue to support the
employees in its Russian offices throughout the transition process.
Upon completion, IMCD will no longer have a presence in Russia.
The discontinuation of activities in Russia has no material
impact on IMCD’s results for 2022.
This press release contains information that may qualify as
inside information within the meaning of Article 7(1) of the EU
Market Abuse Regulation and was issued on 29 April 2022, 07:00 a.m.
CET.
About IMCD N.V.IMCD, based in Rotterdam, the Netherlands,
is a market leader in the marketing, sales, and distribution of
speciality chemicals and ingredients. Its result-driven
professionals provide market-focused solutions to suppliers and
customers across EMEA, Americas and Asia-Pacific, offering a range
of comprehensive product portfolios, including innovative
formulations that embrace industry trends.
Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of
EUR 3,435 million in 2021 with more than 3,700 employees in over 50
countries on six continents. IMCD's dedicated team of technical and
commercial experts work in close partnership to tailor
best-in-class solutions and provide value through expertise for
around 56,000 customers and a diverse range of world-class
suppliers.
For further information, please visit
www.imcdgroup.com.
Media contact
IR contact IMCD
Group
IMCD NVMarnie Kontovraki
Cecile WesterhuisGroup Communications Director
Company Secretary mediarelations@imcdgroup.com
ir@imcdgroup.com +31 10 290 86
84
+31 10 290 86 84
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