The manufacturer of beer cans Ball estimated the loss from leaving Russia at $435 million

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 in the second quarter of this year.

In Russia, Ball owns three plants for the production of aluminum cans: in the Moscow, Leningrad and Chelyabinsk regions. According to the company, in 2021 these plants produced 5% of the total amount of issued cans (112.5 billion pieces).

Ball Corporation at the end of March announcedthat has closed business in Russia and is preparing to stop the work of 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. Association of Beer Producers complained on the shortage of aluminum cans in the country.

Which foreign business interrupted work in Russia – in compilation “b”.

Laura Keffer