Kingspan announced it has pulled out of the Russian market in response to the ongoing invasion of Ukraine and subsequent humanitarian crisis.
In the statement, Kingspan announced that while the decision to exit the market had been made in early March, it has taken several weeks to ensure a smooth exit to prioritise the safety of its staff.
The manufacturer mentioned how the Russian market only accounted for 1% of its global operations and announced it will be donating $750,000 (£572,771) to UNICEF to set up five Blue Dot Centres to assist refugees on the Ukrainian border.
>>Read more about how the Ukraine crisis is impacting the industry here.
