Rolls Royce stops purchasing Russian: Rolls-Royce has decided to stop purchasing titanium from Russia for the production of aircraft turbine impellers.
It is reported by Medico topics with reference to The Telegraph.
It should be noted that the British company has been reducing purchases of Russian titanium over the past seven years. At present, Russia accounts for one-fifth of all titanium supplies to Rolls-Royce.
According to the executive director of the Rolls-Royce plc group, Warren East, against the backdrop of sanctions against the Russian Federation due to the war with Ukraine, a decision was made to completely stop purchasing Russian titanium.
In addition, the top management does not believe that the company will suffer greatly because of this. He said that additional stocks of this metal have been created, which are used in the production of rotor blades for jet engines.
Interestingly, last year the Rolls-Royce group reported a profit of £414 million, after a loss of £2 billion a year earlier. In addition to the automotive and aerospace industries, Rolls-Royce is also active in the defense and energy systems markets.
Recall that foreign companies massively refuse to deliver cars to Russia. We are talking about tens of thousands of cars. See below
Previously,
Automakers massively refuse to deliver cars to Russia
Foreign companies massively refuse to deliver cars to Russia. We are talking about tens of thousands of cars.
It is reported by Medico topics with reference to Vedomosti.
Several foreign companies immediately suspend the shipment of their cars to Russian dealerships due to the fall of the ruble and the difficult political situation.
Audi, General Motors, Volkswagen, Skoda and Jaguar Land Rover decided to take such measures. In most cases, only cars that have already passed customs and are scheduled for shipment will reach car dealerships.
So, Audi stops deliveries to Russian dealers from February 24, the company said in a letter. A similar letter was sent to sellers by General Motors, which sells Chevrolet cars in Russia, and by Jaguar Land Rover. According to insiders, in the near future, similar letters will come from Volkswagen, as well as Skoda and Porsche’s brands controlled by the German concern.
According to experts, the Russian market may lose about 40,000 cars, which will exacerbate the existing shortage. How long the pause will last is still unknown.
I hope I explained this blog (Due to the war in Ukraine: Rolls-Royce stops purchasing Russian titanium for aircraft engines) in a better way.
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Chinese automakers are very happy to supply them the cars.