Russian market is testing metal industries mettle

Danish industries suffering from Russian economic woes

Danish sectors heavily involved in Russia are struggling because of the country’s strained political situation and the effects of falling oil prices. But the foreign ministry’s trade council Eksportrådet is warning companies against pulling out of the market completely as a knee-jerk reaction.

The organisation sees long-term potential for industries such as metalworking in Russia where, according to the Danish embassy in Russia, there is demand for skilled foreign collaborators and quality components for manufacturing.

Dilemma about Russian future
With this in mind, the Danish embassy in Moscow and the metal industry network Center for Underleverandør (CFU) have for the first time arranged for a joint Danish stand at the Russian Metalworking Trade Fair, which will take place in Moscow in May.

Knud Hareskov, a partner at CFU, said in a press release that the target audience was companies already engaged in Russia. “The current market situation has of course placed a number of companies in a dilemma about their future involvement in the market,” he said.

“But we detect a healthy interest in events that make it possible to maintain and develop marketing activities.”