Business update

Knauf Group - Iphofen, 22.04.2024

In light of current developments, the Knauf Group has decided after having had operations in Russia for over 30 years, to withdraw from its local business. It is the company's wish to transfer the entire business in Russia, including raw material extraction, manufacturing, and sales to local management to preserve the jobs of more than 4,000 employees in the future. The planned transaction is subject to approval by the relevant authorities in Russia.