Caterpillar suspends Russian manufacturing operations

EQUIPMENT giant Caterpillar has announced that the business is suspending operations in its Russian manufacturing facilities and donating more than $1 million through the Caterpillar Foundation to support the Ukraine humanitarian crisis.

The firm said it is ‘deeply saddened’ by the tragic events currently taking place and hopes for a peaceful resolution.

A statement from the company added, “We are complying with all applicable laws and evolving sanctions, while remaining focused on our employees, dealers and customers. Operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions, and we are suspending operations in our Russian manufacturing facilities.

“We recognise this is a time of incredible uncertainty for our valued employees, and we will continue to look for ways to support them.”