INSUBCONTINENT EXCLUSIVE:
June due to collapsing exports and continued market contraction.The company, headquartered in Rostov-on-Don near the Ukrainian border, cited
a steep drop in demand over the past three years, which it said has forced it to cut production and reduce staff.Sales of combine harvesters
dropped by 76%, forage harvesters by 49% and articulated tractors by 48% from January-April 2021 to January-April 2025, Rostselmash said.In
equipment they need, and the market has drastically shrunk as a result
June furlough as a rescheduled annual vacation, typically held in August or September.The company reported a 130% year-on-year drop in net
income last year, down to 6.9 billion rubles ($85.3 million), with total revenue falling nearly 20 billion rubles to 78.3 billion ($965
respond if demand rebounds.
