Tristone expects intensified Russian sanctions to impact hose production
4 Oct 2023
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New restrictions on 'circumvention imports' of iron and steel products to impact supply-chain
Frankfurt, Germany – German automotive hose maker Tristone Flowtech expects its production to be impacted by increased EU restrictions on imports of iron and steel products originating in Russia.
Sanctions on these products were initially imposed in 2022 under EU restrictions in response to Russia's invasion of Ukraine, explained a Tristone Flowtech statement to customers.
However, in June the EU intensified the restrictive measures by also sanctioning “circumvention imports” of these products, with effect from 30 Sept.
As of October, it is not permitted to “directly or indirectly import or purchase the iron and steel products” with Russian origins that have been processed outside the EU.
The latest restrictions “may impact our, and your, supply-chain,” advised Tristone Flowtech's note to customers.
Spun-off from Trelleborg AB's former 'fluid automotive' business unit in 2010, Tristone Flowtech operated as a stand-alone company until its acquisition by Zhongding Group in 2017.
The Frankfurt-based supplier mainly manufactures automotive fluid systems across its 10 plants – in Mexico, Poland, Czech Republic, Slovakia, Italy, France, Spain, Turkey, India and China.
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