December 8, 2022
  • December 8, 2022

Twin Disc ceases business with Russia, effective immediately

By on March 7, 2022 0

RACINE, Wis. (WFRV) – A Milwaukee-based company that manufactures and distributes power transmission equipment has announced that it will temporarily cease all business with Russia and Belarus due to the ongoing invasion of Ukraine.

According to a press release, the change of Dual disc transactions is effective immediately until further notice.

Officials said all sales and shipments to both sites have been halted due to the difficult operating environment, supply chain issues and evolving sanctions.

Twin Disc reports that its presence in these countries is light – in the sea and land markets – and the impact of this change will not influence its finances much.

Business in Ukraine

Company officials explain that they have no employees based in Eastern Europe. However, for the safety of business partners, distributors and customers, Twin Disc reports that they will only do business in Ukraine for emergency situations.

“What is happening in Ukraine right now is tragic, and the bravery and resilience of the Ukrainian people is an inspiration to the world. We remain focused on the well-being of our employees and associates affected by these hostilities,” said John H. Batten, President and Chief Executive Officer.

The Milwaukee-based company says it will continue to provide updates on the situation.