Leading machine tool maker DMG Mori Co. has shut down its business operations in Russia, making it the first major Japanese manufacturer to do so following the invasion of Ukraine. The president, ...

Revenue: €468.7m (down 15% from 1Q 2024). Net income: €15.3m (up from €56.5m loss in 1Q 2024). Profit margin: 3.3% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses ...

German machine tool maker DMG Mori has stopped doing business in Russia and is offering staff there positions elsewhere if they distance themselves from the invasion of Ukraine in writing, the company ...

Press Photo DMG Mori in talks with its suppliers to localize production in the country. DMG Mori – a leading German-Japanese manufacturer of cutting machine tools and lathes – and the regional ...