In addition to suspending future investments, the company will also reduce operations at three manufacturing facilities in Russia
The Russian facilities will be sold to a new owner. (Credit: IGORN from Pixabay)
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 percent of the company’s total net sales and 8 percent 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.
Source: Company Press Release