Ball Corporation to exit Russia
Ball Corporation announced on Monday it will exit all its Russian operations following Moscow’s invasion of Ukraine.
The statement reads: “Ball Corporation continues to be deeply troubled by the war in Ukraine. In addition to suspending future investments in Russia — a decision we shared last week — we have made the decision to reduce operations immediately at our three manufacturing facilities in Russia and are pursuing the sale of our Russian business to a new owner.
“In 2021, our Russian business represented approximately 4% of the company’s total net sales and 8% of the company’s total comparable operating earnings. In addition, our plants in Russia produced approximately 5 percent of the company’s 112.5 billion global beverage can unit shipments during 2021.”