Swagelok Company to Stop Supply of Products to Russia
Swagelok Company to Stop Supply of Swagelok® Products to Russia and Belarus
Solon, Ohio (May 20, 2022) — Effective July 31, 2022, Swagelok Company will stop supplying Swagelok® products and services in the service areas of Russia and Belarus indefinitely. This decision builds upon an earlier suspension of all shipment of products, directly or indirectly into Russia, Belarus, and certain regions of Ukraine in early March.
Swagelok Company’s business model is to sell through a global network of independent, authorized sales and service centers. As a result, LLC Fluid Systems Technologies RUS (d/b/a Swagelok Russia), will no longer be an authorized Swagelok sales and service center and shall end all sales from stock to customers no later than that date.
Swagelok will not replace sales representation in the market, and the decision to cease the supply of all products and services in the market does not reflect upon the performance of Swagelok Russia.
Swagelok Company is a $2 billion privately held developer of fluid system products, assemblies, and services for the oil and gas, chemical and petrochemical, semiconductor, and transportation industries. Headquartered in Solon, Ohio, U.S.A., Swagelok serves customers through approximately 200 sales and service centers in 70 countries, supported by the expertise of more than 5,700 associates at 20 manufacturing facilities and five global technology centers.