AMCOR
Swiss group to end exports from Russia “as soon as possible”
 Amcor has been in Russia for 20 years (Photo: Amcor) |
Swiss packaging group Amcor (Zurich; www.amcor.com) has announced its plans to scale down activities in Russia, where the group’s three factories generate 2% to 3% of its total sales. Amcor has been active in the country for over 20 years.
Related: Ukraine war hits plastics processors: production shutdowns possible as prices surge
CEO Ron Delia said the group plans to attain the same by “focusing manufacturing on supporting only existing multinational customers, suspending new projects and investments in Russia, and discontinuing exports from the country as soon as possible”. In partnership with international Red Cross, Amcor has also committed USD 1 mn (EUR 9.16 mn) to support its team in Kharkiv, Ukraine.
In 2021, around 46,000 Amcor employees reportedly generated USD 13 bn in sales from operations that span about 220 locations in 40 countries.
Related: Ukraine war hits plastics processors: production shutdowns possible as prices surge
CEO Ron Delia said the group plans to attain the same by “focusing manufacturing on supporting only existing multinational customers, suspending new projects and investments in Russia, and discontinuing exports from the country as soon as possible”. In partnership with international Red Cross, Amcor has also committed USD 1 mn (EUR 9.16 mn) to support its team in Kharkiv, Ukraine.
In 2021, around 46,000 Amcor employees reportedly generated USD 13 bn in sales from operations that span about 220 locations in 40 countries.
28.03.2022 Plasteurope.com 1096 [249969-0]
Published on 28.03.2022