Koskisen exits its operations in Russia

Koskisen, press release on 8 March 2022 at 10:00 a.m.

Koskisen has decided to discontinue its operations in Russia. The company will run down it’s Russian’s sawing operations and stop importing sawn goods and logs from Russia. The discontinuation of operations will be carried out with personnel and local regulations in mind, and a more detailed schedule will be announced as the process moves forward. The share of the Russian business in the company’s net sales is minor and the financial impact of the decision have been estimated insignificant.

Additional information:

Jukka Pahta, CEO, jukka.pahta@koskisen.com +358 50 389 4499

Koskisen is a more than a century old international wood processing expert known for its agility and ability to listen to the customer. We utilise our valuable wood raw material as thoroughly as possible, down to the last particle of sawdust. At the same time, we are carrying out the best carbon narrative: We manufacture high-quality sawn timber and panel products that store carbon for decades. The Group’s turnover in 2021 was EUR 311 million. Read more: koskisen.fi.