ROME, May 2. The Italian manufacturer of metallurgical equipment Danieli Group will leave the Russian market and intends to explore the sale of assets in the Russian Federation, said a representative of the company's management.
«Danieli's exit from the Russian market is due to the inability to sell equipment in Russia due to the sanctions regime established by the European community,» the agency's interlocutor said.
According to him, Danieli cannot supply equipment to Russia due to strong restrictions in customs matters. The company's products, he added, require transportation by heavy trucks and ships, after which the metallurgical equipment is assembled on site.
«Regulations have become so strict that deliveries are impossible,» a spokesman for Danieli said. He added that Danieli Volga's representative office in Russia is also facing difficulties.
«We want to see if we can find a buyer for this Russian asset. We are in the process of exploring ways to list this company for sale. I think it will take about six months to find out anything.» «By the end of the year, I think we will have a position on what the best buyers should be,» he said.
The Italian manufacturer of metallurgical equipment Danieli Group is one of the largest suppliers of equipment and installations for the metalworking industry.