Knauf provides update on Russia

Knauf announces that the intensive discussions of recent months regarding the announced sale of its Russian business have not led to an agreement. To the company's regret, the negotiating partner has broken off the talks.

Knauf remains committed to its plans to withdraw from Russia. In a very challenging environment, the company is examining further possible options to implement this withdrawal in accordance with the applicable sanctions, while safeguarding the interests of its employees in Russia.

For the time being, the Russian business is managed locally and separated from the Knauf Group’s other businesses, in full compliance with sanctions. Since announcing its withdrawal, the Knauf Group has not received any profits from its Russian business. In accordance with the applicable sanctions, which Knauf strictly adheres to, no goods have been exported from Russia to the EU or imported from the EU to Russia.

Knauf Group
The Knauf Group is an internationally active family-owned company headquartered in Iphofen, Germany. The building materials manufacturer operates more than 320 production sites and sales organisations in over 90 countries on all continents. The Knauf Group is a leading global producer of gypsum-based construction materials and systems, of energy efficient insulation and of system solutions for ceilings. Founded in 1932, the Knauf Group achieved sales of EUR 15.6 billion in 2024 and employed more than 43,500 people.