Kingspan Group plc will transfer control the Russian plants to local management

The Irish industrial group of Kingspan Group plc, specializing on production construction materials, will leave the Russian market and will transfer the plants under management to local management, is reported in the Telegram-channel of Administration of the Leningrad region. "The group of Kingspan Group plc notified Government of the Leningrad region on transfer of the assets to Russian Federation in management to the Russian management. Foreign owners leave businesses, but thus the Russian enterprises, including plant a sandwich panels and a metalwork in Gatchina Leningrad Region, will continue work and output", –...