Amcor has made the decision to scale down activities at its Russian operations as a result of the ongoing conflict in Ukraine.
Its CEO Ron Delia said, in a statement, that the company will be scaling down its activities in the country by focusing its manufacturing on supporting only existing multinational customers, suspending new projects and investments, and discontinuing exports from the country as soon as possible.
“We have also operated for more than 20 years in Russia, where we continue to ensure compliance with local and international laws. Currently, our three factories in the country generate two to three per cent of total Amcor sales,” he said.
“After careful consideration of the current circumstances, we will scale down our activities there.
We will also continue to explore all strategic options for the business while assessing the rapidly evolving situation. We will take additional actions as needed, always guided by our values and responsibilities to our stakeholders.”
Delia also mentioned that the company is deeply concerned about the humanitarian crisis in Ukraine and is actively contributing to the relief efforts.
“You will remember we proactively closed our site in Kharkiv, Ukraine, to protect our local team right before the armed conflict started. Our dedicated crisis team continues to monitor developments in real time and assist our people,” he said.
“Amcor is committing at least US$1 million for direct support to our team in Kharkiv and their families as well as general humanitarian aid, in partnership with the International Red Cross. This includes a matching contributions program open to all Amcor colleagues around the world. Let’s please keep up the support and a big thank you for all the generous contributions so many of you already made.”