Amid the Ukraine crisis, fastener companies reacted with contract terminations, operation pauses and donations, Fastener + Fixing Magazine reports.

The Würth Group has donated EUR 1 million and goods for the people affected by the war in Ukraine. The group has 118 employees in Ukraine, which was invaded by Russia on February 24.
So far the war has caused thousands of deaths and displaced more than 2.5 million Ukranians, according to Reuters.
Würth said it aims to make a contribution to aid the Ukrainian population and express its solidarity.
“I am deeply concerned and troubled by the situation in Ukraine,” stated Reinhold Würth, chairman of the supervisory board of the Würth Group’s Family Trusts.  “Our thoughts are with our employees and their families, as well as with all people that are currently seeking refuge from the war.  The people’s safety is the main priority.
“Throughout the entire company, I see a huge wave of solidarity with those affected, we will support them with all means at our hands.”
Based in Germany, the Würth Group is the world’s largest fastener company, employing more than 83,000 employees in over 400 companies with more than 2,400 pick-up shops across 80 countries. Web: Würth.com

Bulten AB has decided to exit its operations in Russia due to the war in Ukraine.
“The exit process starts immediately,” the Swedish fastener manufacturer stated.  “The ambition is for the process to occur in a controlled way to secure obligations towards employees, customers and other business partners.”
Bulten has 125 employees in Russia, where it has been running its business through a joint venture with Russia’s largest commercial automotive manufacturer GAZ since 2012.
Bulten made the decision to move all production made in Russia for external markets to Europe.
The decision to terminate its business in Russia will not have a significant impact on the company’s income since the domestic sales in Russia is equal to 1.6% of the total annual sales, Bulten added. However, the exit might involve write-downs.
Founded in 1873, Sweden-based Bulten supplies fasteners to the international automotive industry, with 1,400 employees in eight countries. Web: Bulten.com

Voss Edelstahl GmbH, a stainless steel and aluminium distribution in Germany, also confirmed it has cancelled its entire Russian order backlog of several hundred tons of aluminum profiles. 

Koelnmesse is suspending cooperation with Russian companies at its trade fairs until further notice.

Lesjöfors Group has decided to pause all operations in Russia until further notice. 

Atlas Copco donated 1 million Swedish Kronor to the United Nations High Commissioner for Refugees (UNHCR).  “We want to… (help) keep those who are forced to flee their homes sheltered and safe,” the company stated.