A leading Danish manufacturer of mineral wool products was added today to the list of international sponsors of war. After Russia's full-scale invasion of Ukraine, the company made a clear decision to remain in the Russian market. Through intermediaries, the Danish manufacturer continues to supply its construction materials to various state institutions, including the Russian Ministry of Defense. Rockwool sees no contradiction between “standing side by side with the Ukrainian people” and supplying the aggressor state’s war machine.
The company's products are used for insulation, soundproofing and fire protection. They can be found in a variety of buildings and structures, as well as industrial equipment and even shipbuilding. Rockwool products have been used in the construction and repair of ships of the Russian Navy: The Black Sea Fleet in Sevastopol, the Baltic Fleet, the Northern Fleet in Murmansk, and the Pacific Fleet. Information on such contracts is available from 2014 to 2021.
In the years since the annexation of Crimea, Rockwool has supplied insulation materials to at least for 31 ships and submarines in the Russian Navy, including cruisers, destroyers, nuclear submarines, frigates, amphibious assault ships, minesweepers and reconnaissance ships.
At least 52 contracts worth more than 329 million rubles between Rockwool distributors and the Russian Ministry of Defense were identified.
Rockwool has been operating in Russia since 1995 and owns four plants (Balashikha, Moscow Region; Vyborg, Leningrad Region; Troitsk, Chelyabinsk region; and Alabuga, Republic of Tatarstan). The company employs 1,200 people in Russia, accounting for about 10% of the company's workforce globally.
Rockwool is represented in Russia by 4 legal entities.
- “Rockwool LLC,” which in 2022 generated $313 million in revenue, $58.3 million in net profit and paid $13.9 million in profit tax to the Russian budget.
- "Rockwool-Volga LLC,” which in 2022 generated $54.2 million in revenue, $8 million in net profit and paid $857,000 in profit tax to the aggressor's budget.
- "Rockwool-North LLC,” which in 2022 made $58.5 million in revenue, $6.8 million in net profit and paid $1.4 million in profit tax to the Russian Federation's budget.
- "Rockwool-Ural LLC,” which in 2022 $25.7 million in revenue, $1 million in net profit, paying $785,000 in profit tax to the Russian Federation's budget.
