Kingspan sells Russian business while Kerry suspends operations there

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Kingspan sells Russian business while Kerry suspends operations there via IrishTimesBiz

Kingspan confirmed late on Monday that it had exited the Russian market and sold its business there to local management.Kerry said that it was suspending operations in Russia and Belarus following consultations with stakeholders.

Kingspan will no longer sell its products in Russia, which accounts for less than 1 per cent of its overall business. Last week, Dublin-based paper packing giant Smurfit Kappa said it had decided to quit the Russian market.

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