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12 Set 2022


Fenzi response

...Since the beginning of the conflict, we drastically reduced the business volume in Russia and CIS countries. We immediately stopped on going and new investments and all marketing activities. We have not closed the facilities yet just to protect our local team, guaranteeing salaries even if the production activities are limited to few days a month. The Group feels the duty to lend as much support as possible to our more than 80 employees and their families, who have been working for our company since 2010 and would not be able to find other local employment...

At the moment we maintain a very low business volume with just few historical companies in the glass sector industry which have been cooperating for many years with our companies. We are not aware that the shareholders of these companies are included in the list of sanctioned Russian individuals and entities, and we periodically monitor the companies chamber of commerce certificates...

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