Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

IPG Provides Update on Russian Operations

Facebook Twitter LinkedIn Email
OXFORD, Mass., April 4, 2022 — In a statement on its website, IPG Photonics shared information about the company’s Russian operations. Last month, IPG announced continued production at its Russian operations. In a March 3 press release, the company said that it suspended further capital investment in Russia other than for maintenance and nonmaterial items.

From IPG: IPG Photonics Corp. hopes that the tragic crisis in Ukraine reaches a resolution as swiftly as possible and our thoughts are with all of those who have been impacted. Our top priority continues to be the safety and well-being of our employees and their families — including our nearly 2000 colleagues in Russia. Based on the state of the situation, we have suspended new investments in our Russian operations, curtailed development projects (shutting down some existing projects), and made progress toward shifting manufacturing capacity from Russia to our facilities in Western Europe and the U.S. We will continue to closely monitor events and provide business updates as appropriate.
Apr 2022
BusinessIPG PhotonicsEuropeAmericas2022 War in UkraineRussiaUkraine

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.