The Russian assets of Danish companies Rockwool and the Polish-American company CanPack have come under the control of firms in the Russian Federation, according to decrees signed by President Vladimir Putin on December 31, 2025, and published on January 13 on the portal of normative acts.
100% of the share of the company “Rockwool” LLC – a subsidiary of Rockwool – as well as 68% of “Rockwool – Volga” LLC, another subsidiary of the Danish manufacturer of thermal insulation materials, were transferred to the joint-stock company “Development of construction assets” (РСА). This was registered in Moscow in the fall of 2025, according to data from the Unified State Register of Legal Entities (ЕГРЮЛ), quoted by Interfax. The founders and management of this company are not indicated in the public system.
The company “StalElement” received 100% of the shares of “Can-Pack” LLC and “Can-Pack Packaging Factory” LLC – both factories in Russia belonging to CanPack, specialized in the production of metal packaging. The decree comes into effect on the date of official publication.
Rockwool specializes in the production of materials for thermal and sound insulation based on mineral wool and, according to Bloomberg, is the largest global manufacturer in this segment. The company entered the Russian market in 1995, and the first factory was opened in 1999, in the Moscow region. Other Rockwool production units are located in Vyborg (Leningrad region), in Troitsk (Chelyabinsk region), and in the special economic zone “Alabuga” in Elabuga (Tatarstan).
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