Tetra Pak To Exit Russia

Friday, July 29th, 2022 | 561 Views


Tetra Pak To Exit Russia
Tetra Pak, the Swedish-Swiss multinational food processing and packaging company, announced on 26 July 2022 that it will be exiting its remaining operations in Russia.

 

“This is due to the cumulative impact of the restrictions on exports to Russia leading to an unsustainable supply chain, as a result of which the company is left with no other option than to exit the country,” Tetra Pak said in a statement.

 

This follows the company’s earlier decision to suspend all new investments and projects in the country when Russia attacked Ukraine in February earlier this year. Tetra Pak had restricted its operations to support customers for essential food items only, in line with its commitment to the principle of people’s right to access safe food.

 

A day after the announcement, Nexta, a Belarusian media outlet, quoted Deputy Prime Minister of the Russian Federation Victoria Abramchenko: “There will be no shortage of packaging after Tetra Pak leaving”.

 

Tetra Pak has now reached an agreement to divest its Russian business to local management, with the intention of enabling business continuity for its customers, minimising the impact on employees, and continuing to support consumers’ access to essential food.

 

Previously in May, Tetra Pak had denied rumours of them planning to leave the Russian market. Following this transfer of ownership, the new company will operate as an independent entity under a new name. It will not be affiliated to Tetra Pak. This marks the end of 62 years of Tetra Pak’s presence in Russia.

 

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