The Manitowoc Company announces reduced operations in Russia

Last updated on April 4th, 2022 at 02:59 pm

The Manitowoc Company leadership issued a statement saying the Milwaukee-based company has been reducing their operations in Russia. According to the statement from Aaron Ravenscroft, chief executive officer, this curtailing of operations has been ongoing since the start of Russia’s invasion of Ukraine over a month ago.

Aaron Ravenscroft

“While doing our best to support our local team members, we have and will continue to comply with all sanctions and conduct our business in accordance with all applicable laws. The safety and well-being of our employees and their families are our top priorities,” said Ravenscroft.

The Manitowoc Company, a manufacturer of engineered lifting solutions, has approximately 20 employees in Russia. Less than 2% of the company’s sales came from Russia in 2021. The company operates 10 manufacturing facilities around the world.

Some other Wisconsin companies have suspended their operations in Russia due to the invasion. In March, Johnson Controls (which has its operating headquarters in Glendale) leadership announced a suspension of business operations in Russia. The company has 160 employees in Russia and earns about $150 million of revenue a year from the country. The impact of ceasing business in Russia is expected to be “immaterial,” the company said.

Also in March, Milwaukee-based Rockwell Automation and Racine-based Twin Disc suspended their business operations in Russia and Belarus. Neither company expects to see a major impact to their total revenue.

Milwaukee-based Harley-Davidson also ceased its business and shipment of bikes to Russia, according to a Reuters report.

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Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.