Industry News, Printers News

Smurfit Kappa Group Releases Statement About Russian Operations

Packaging leader announces that it has decided to exit the Russian market.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Smurfit Kappa Group plc announced that it has decided to exit the Russian market. The Group has already suspended support for its Russian operations including any imports and exports and any short- or long-term funding. This exit will be affected in an orderly manner, during which Smurfit Kappa will continue to pay its employees and fulfil its legal obligations. Its Russian business represents less than 1% of forecasted sales Here is the statement: “Smurfit Kappa stands in solidarity with ...

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