SMURFIT KAPPA: Statement re Russian Operations
April 01 2022 - 4:00AM
UK Regulatory
TIDMSKG TIDMSK3
1 April 2022
Statement re Russian Operations
Smurfit Kappa Group plc ('SKG' or 'the Group') announces 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
effected in an orderly manner, during which we will continue to pay
our employees and fulfil our legal obligations. Our Russian
business represents less than 1% of forecasted sales.
Smurfit Kappa stands in solidarity with the people of Ukraine
and everyone impacted by the totally unjustified attack on Ukraine
and its people. The Group is providing, and will continue to
provide, substantial humanitarian support for the Ukrainian people.
We are also assisting the families of SKG employees and contractors
from Ukraine as well as providing products and services to support
the relief effort together with financial assistance to a number of
aid agencies. We have also partnered with the Red Cross to provide
funding to support their vital work.
-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
approximately 48,000 employees in over 350 production sites across
36 countries and with revenue of EUR10.1 billion in 2021. We are
located in 23 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 Melanie Farrell
Smurfit Kappa FTI Consulting
T: +353 1 202 71 27 T: +353 86 401 5250
E: ir@smurfitkappa.com E: smurfitkappa@fticonsulting.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220401005160/en/
CONTACT:
Smurfit Kappa Group PLC
SOURCE: Smurfit Kappa Group PLC
Copyright Business Wire 2022
(END) Dow Jones Newswires
April 01, 2022 05:00 ET (09:00 GMT)
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