Hypertherm Associates is working to formally close its legal entity in Russia. This announcement follows a decision in March of this year to suspend business because of Russia’s military invasion of Ukraine.
The continued humanitarian crisis and unpredictable business environment have caused us to conclude that a resumption of our Russia business is not going to be possible for some time.
We have worked to reassign affected Associates to new roles within our European and Middle East operations and are grateful to the many Russian partners who helped Hypertherm Associates grow its business over the past two decades.