Tetra Pak said the move is due to the cumulative effect of the restrictions on exports to Russia leading to an unsustainable supply chain, leaving the firm with no choice except to leave the nation
Tetra Pak Lund main reception. (Credit: Tetra Pak International SA)
Swedish-Swiss multinational food packaging and processing company Tetra Pak has announced its decision to exit from remaining operations in Russia.
Tetra Pak said the move is due to the cumulative effect of the restrictions on exports to Russia leading to an unsustainable supply chain, leaving the firm with no choice except to leave the nation.
The announcement comes after the firm had decided to halt all new investments and initiatives in Russia. It marks the end of 62 years of the company’s presence in the country.
The packaging firm limited its activities to serving clients with necessary food products, in keeping with its steadfast adherence to the idea that everyone has the right to obtain healthy food.
Tetra Pak has now decided to sell its Russian operations to local management to maintain business continuity for its clients, reduce the effect on its workforce, and continue to promote consumers’ access to basic foods.
After the change in ownership, the new business will function as a separate entity with a new name and be unrelated to Tetra Pak.
Earlier this month, Stora Enso and Tetra Pak announced they are exploring a shared beverage carton recycling solution to meet the recycling requirement in Benelux.