Jotun said he was deeply concerned about the ongoing conflict in Ukraine. The inclusion of a coatings company in its group portfolio is seen as a good strategic fit, and Atomstroykomplex expects the facility and its employees to contribute to further growth and positive long-term development for owners and employees.Īccording to the paint procurement network, in early March, the well-known paint company Jotun Paint announced the suspension of its business in Russia. The company provides general contracting and engineering services for the construction industry in the Yekaterinburg and Sverdlovsk regions. Atomstroykomplex entered the market in 1995 and consists of a construction company, a building material production plant, a fleet of up-to-date road construction vehicles and machinery, a design office, a real estate agency and a home repair office.Ĭore businesses include the construction of industrial, commercial, housing and socially significant facilities, general civil construction performance, specialist contractor engineering and road engineering. The president and CEO said that doing business in the country has become increasingly challenging and this situation will not change in the near future, and that existing employees will retain their positions under existing agreements and terms with the new owners.Īccording to public information, Atomstroykomplex is a leading real estate development and construction materials company headquartered in Yekaterinburg, Ural Federal District. Following the closure of the Russian plant on March 3, Jotun divested its shares in its wholly-owned subsidiary "Jotun Paints" LLC. The employees will continue to work at the company under the leadership of the new boss.
The Russian industrial company Atomstroykomplex has taken over operations, employees and assets.
Recently, international coatings giant Jotun announced that it has sold its interests in Russia and left the country.
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