Koch Industries, the conglomerate run by billionaire Charles Koch, is planning to stay in Russia even as hundreds of Western companies have scaled back operations there following the invasion of Ukraine.
In a statement on Wednesday, Koch Industries announced its Guardian Industries subsidiary will continue to operate two glass manufacturing facilities in Russia that employ about 600 people. "While Guardian's business in Russia is a very small part of Koch, we will not walk away from our employees there or hand over these manufacturing facilities to the Russian government so it can operate and benefit from them," Koch Industries President Dave Robertson said in the statement.
Read More"Koch Industries is shamefully continuing to do business in Putin's Russia and putting their profits ahead of defending democracy," said Senate Majority Leader Chuck Schumer and Senator Ron Wyden, in a joint statement."As the democracies of the world make huge sacrifices to punish Russia for Putin's illegal and vicious invasion of Ukraine, Koch Industries continues to profit off of Putin's regime.
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Koch says it will continue operating in RussiaKoch’s Guardian Industries runs two manufacturing plants with roughly 600 employees.
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Koch Industries breaks silence on Russia operations — and says it will continue to operate its two glass factories there“While Guardian’s business in Russia is a very small part of Koch, we will not walk away from our employees there or hand over these manufacturing facilities to the Russian government so it can operate and benefit from them,' said COO Dave Robertson.
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Koch Industries breaks silence on Russia operations — and says it will continue to operate its two glass factories there“While Guardian’s business in Russia is a very small part of Koch, we will not walk away from our employees there or hand over these manufacturing facilities to the Russian government so it can operate and benefit from them,' said COO Dave Robertson.
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Koch says it will continue operating in RussiaKoch’s Guardian Industries runs two manufacturing plants with roughly 600 employees.
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