AGC, a major material maker, has begun considering selling its local business and withdrawing from it, saying that the future of the business is uncertain due to the prolonged military invasion by Russia.
AGC has two plants in Russia that produce glass for construction and automotive applications, but operations have been suspended since October last year following Russia's invasion of Ukraine.
According to the announcement, the company has begun to consider selling the local business including these two factories and withdrawing because the future of the business is uncertain.
The company's Russian operations employ about 2,000 people and reported sales of 40 billion yen last year.
At a financial results conference on the 8th, Vice President Shinji Miyaji said, "Considering the situation in Russia and the international situation, we judged that there was no longer any significance for us to operate."
Toyota and Nissan have already decided to withdraw from the Russian business of Japanese companies, and Bridgestone, a major tire manufacturer, has begun to consider selling its business, and there is a growing movement to review the local business.