The Rehau Group will sell its business in Russia to the local management and will withdraw completely from the country. A corresponding preliminary agreement has now been signed by both parties.
Rehau had previously announced that, in response to the Russian invasion of Ukraine, it was suspending its activities in Russia and would ramp down its business there in a controlled manner. The company said in its 24 May statement announcing the decision that the ‘ongoing acts of war, which are fundamentally at odds with our values, unfortunately make further action unavoidable. We have accordingly decided to sell our business in Russia’.
The Rehau Group has been active in Russia for around 30 years and has served the market there primarily with polymer-based solutions for the window, construction and furniture sectors. It has almost 700 employees at 23 locations in the country, including a plant near Moscow – its second largest worldwide – that produces PVC window and door profiles.
Rehau is also active in Ukraine. The company has organised emergency aid measures, including the emergency aid fund "Family for Families". It serves to provide short-term support, but is also meant to be used for later reconstruction.