Due to the decision to leave the Russian market, the manufacturer of aluminum packaging Ball Corporation will suffer a loss of $435 million. This is stated in the financial statement. reporting companies for the second quarter of 2022.
In Russia, Ball owns three factories for the production of aluminum cans – in the Moscow, Leningrad and Chelyabinsk regions. According to the company, in 2021 these factories produced 5% of the total amount of issued cans (112.5 billion pieces).
Ball Corporation announced at the end of March that it had closed its business in Russia and was preparing to shut down its factories. The company plans to sell the Russian business to a new owner. In 2021, its factories in Russia accounted for $13.8 billion, or 4% of revenue. The Beer Manufacturers Association complained about the lack of aluminum cans in the country.
Which foreign business interrupted work in Russia – in the Kommersant selection.