HOBART parent company Illinois Tool Works is also moved by the fate of Ukrainians. To tackle the growing humanitarian crisis, the US company is donating one million dollars to various aid organisations and is furthermore initiating a worldwide internal donation campaign. At the same time, ITW announced that it has suspended its business with Russia until further notice.
Offenburg, Germany – After warewashing technology manufacturer HOBART made its donation of EUR 75,000 to help Ukrainian refugees, its parent company Illinois Tool Works has now followed suit with its own donation initiative. The company is invitin its around 45,000 employees to make donations for the Ukraine. As announced, ITW Management Board will double the total amount collected in addition to a one million dollar donation to three charitable organisations.
These are the International Committee of the Red Cross, the United Way Worldwide "United for Ukraine" fund as well as the UNICEF fund for children in the Ukraine. These organisations strive to provide emergency relief aid and essential services to those in need.
ITW withdraws from Russian market
Illinois Tool Works is also suspending its trade relations with Russia as a result of its military aggression. "ITW stands by the Ukraine and condemns the aggressive actions of the Russian government. Beyond compliance with all applicable sanctions, we have made the decision to stop all ITW deliveries to Russia with immediate effect. ITW's annual sales to Russia make up only an insignificant portion of total sales," says Scott Santi, Chairman & Chief Executive Officer at ITW.
"Our thoughts are with all the people affected by this terrible war." He continues to say that the safety of the around 160
ITW colleagues in the region takes priority.
Illinois Tool Works, of which warewashing technology manufacturer HOBART has been a subsidiary for 23 years, was founded in 1912 and is a broadly diversified conglomerate that manufactures construction mounting elements and components, devices and consumables as well as specialty products. The product range includes, for example, systems and end products for consumers as well as industrial packaging, electrical devices and welding machines. With its head office in Glenview, Illinois, ITW has a workforce of 45,000 based in 53 countries.
For more information on ITW, please visit www.itw.com