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Ball Corp. to Leave Russia, Pursing Sale of Russian Business

Alex Lowe by Alex Lowe
March 28, 2022
in Oil Price Today
0

Home » Ball Corp. to Leave Russia, Pursing Sale of Russian Business

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By Stephen Nakrosis

Ball Corp. on Monday said it has decided to leave Russia and is pursuing a sale of its Russian business to a new owner.

The company also said it reduced operations at its three manufacturing facilities in that country. Ball said last week it was suspending future investments in Russia.

Ball said Russian operations represented about 4% of its total sales last year. Plants in Russia produced about 5% of its global beverage can unit shipments in 2021, Ball said.

Write to Stephen Nakrosis at [email protected] Zoom.com

(…)

______________________________________________________

You can read this complete story at: https://www.marketwatch.com/story/ball-corp-to-leave-russia-pursing-sale-of-russian-business-271648502240

Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

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