Russia places four Rockwool plants under external management
Russia has taken control of four plants of the Danish company Rockwool that operated in Russia. This was reported by Reuters with reference to the official statement of the building materials manufacturer.
The company noted that it no longer controls its assets in Russia. In this regard, Rockwool plans to remove Russian enterprises from its financial statements and write off their net value. As of 31 December 2025, the total equity of Rockwool's business in Russia was estimated at €469 million.
Rockwool said it intends to defend its rights under the bilateral investment treaty between Denmark and Russia. At the same time, the company acknowledges that it does not expect the decision to introduce compulsory external management over its Russian subsidiaries to be cancelled.
After the information about the seizure of two Rockwool subsidiaries appeared, as previously reported by Bloomberg, the group's shares fell by about 8 per cent.
According to Russian and Western media, the decrees on the transfer of assets were signed by Vladimir Putin at the end of December 2025 and made public on 13 January. According to the documents, 100 per cent of Rockwool LLC and 68 per cent of Rockwool Volga LLC were transferred to the Russian company Development of Construction Assets, registered in Moscow in autumn 2025. Information about its owners and management is not publicly disclosed.
Rockwool has been operating in Russia since 1995. The company's first plant was opened in 1999 in the Moscow region. Subsequently, production facilities were set up in Vyborg, Chelyabinsk Region and the Alabuga Special Economic Zone in Tatarstan. The company is the world's largest producer of mineral wool insulation.
In Ukraine, Rockwool is included in the list of international sponsors of war. After the start of Russia's full-scale invasion of Ukraine, the company stated that leaving the Russian market would actually mean transferring its business to the state.
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