SMURFIT KAPPA: Statement re Russian Operations
20 March 2023 - 9:00PM
UK Regulatory
TIDMSKG TIDMSK3
Smurfit Kappa Group plc ('SKG' or 'the Group') announces that it
has completed its exit from the Russian market. The Group announced
its intention to exit the Russian market in an orderly manner on 1
April 2022 and subsequently entered into an agreement to sell its
Russian operations to local management.
Following the approval of the Russian authorities and the
completion of all necessary administrative processes, the Group's
operations in Russia have now been sold to local management. The
operations include a bag-in-box facility and two corrugated plants
in St Petersburg, and a corrugated plant in Moscow.
ENDS
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the leading
providers of paper-based packaging solutions in the world, with
more than 47,000 employees in over 350 production sites across 35
countries and with revenue of EUR12.8 billion in 2022. We are
located in 22 countries in Europe, and 13 in the Americas. We are
the only large--scale pan-regional player in Latin America. Our
products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.
With our proactive team, we relentlessly use our extensive
experience and expertise, supported by our scale, to open up
opportunities for our customers. We collaborate with
forward-thinking customers by sharing superior product knowledge,
market understanding and insights in packaging trends to ensure
business success in their markets. We have an unrivalled portfolio
of paper-based packaging solutions, which is constantly updated
with our market-leading innovations.
This is enhanced through the benefits of our integration, with
optimal paper design, logistics, timeliness of service, and our
packaging plants sourcing most of their raw materials from our own
paper mills.
We have a proud tradition of supporting social, environmental
and community initiatives in the countries where we operate.
Through these projects we support the UN Sustainable Development
Goals, focusing on where we believe we have the greatest
impact.
Follow us on LinkedIn, Twitter, Facebook, YouTube.
smurfitkappa.com
Contacts
Ciarán Potts Orla Cox
Smurfit Kappa FTI Consulting
T: +353 1 202 71 27 T: +353 86 803 2488
E: ir@smurfitkappa.com E: smurfitkappa@fticonsulting.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20230320005382/en/
CONTACT:
Smurfit Kappa Group PLC
SOURCE: Smurfit Kappa Group PLC
Copyright Business Wire 2023
(END) Dow Jones Newswires
March 20, 2023 06:00 ET (10:00 GMT)
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Jul 2023 to Jul 2024