PTC discontinues business in Russia

Digitizer on the Ukraine war

Andreas Mühlbauer, 07.03.2022, 10:31

PTC discontinues business in Russia

PTC issues the following statement on the Russian invasion of Ukraine:

"PTC stands with the Ukrainian people and strongly condemns the Russian invasion of Ukraine. In response to this unprovoked invasion, which to date has needlessly cost lives and forced many Ukrainians to flee their homes and seek safety, PTC will cease all business activities and sales in Russia.

At this critical moment, the human impact of this tragedy must take center stage. To support humanitarian efforts for the Ukrainian people, PTC will donate $1 million through its foundation. PTC joins all those around the world who are calling for peace and an end to this conflict as soon as possible."

Back to topic page

You might also be interested in

Half-year balance sheet

Record order intake in machine tool manufacturing

Despite the crisis, business was excellent for the German-Japanese manufacturer DMG Mori in the first half of 2022.

Half-year balance sheet

Strong figures at Kuka

Despite difficult conditions, the automation specialist can present a very good result. However, supply chain problems are making it more difficult to process orders.

Survey by the ifo Institute

Ukrainian refugees want to work in Germany

90 percent of refugees from Ukraine want to take up employment in Germany. This is the conclusion reached by the ifo Institute in a non-representative survey of 936 Ukrainians.

Editorial INDUSTRIAL Production 7/22

Peter the Great ...

... would have enjoyed today's industrial trade fairs. After all, he was a technophile, cosmopolitan, Western-oriented person who ensured that Russia became a modern and important player in the global community, primarily through science, technology...

ifo forecast

Russian attack dampens economic recovery

The Russian attack on Ukraine and the sharp rise in energy prices are dampening the economic recovery in Germany. The ifo Institute has cut its economic growth forecast for this year to 2.5 percent, down from 3.1 percent as forecast in March.

Ukraine war

Siemens discontinues business in Russia

After 170 years, Siemens will withdraw from the Russian market as a result of the war in Ukraine. The company has initiated proceedings to shut down its industrial operations and all industrial business activities.

Incoming orders

Mechanical engineering in Bavaria suffers from Ukraine war

Incoming orders in the Bavarian mechanical and plant engineering sector fell significantly in March.

Ukraine war

BASF discontinues activities in Russia and Belarus

As announced on March 3, 2022, BASF is no longer concluding new business in Russia and Belarus due to the war of aggression on Ukraine ordered by the Russian government. BASF strongly condemns the Russian attack on Ukraine and the violence against...