News Formal

Tetra Pak to leave Russia after 62 years in blow to packaging industry

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Privately owned packaging company Tetra Pak will exit its remaining Russia operations after 62 years in the country.

on February 24 in what it calls a “special military operation,” drawing widespread sanctions and condemnation.

“[The exit] is due to the cumulative impact of the restrictions on exports to Russia leading to an unsustainable supply chain, as a result of which the company is left with no other option than to exit the country,” Tetra Pak said in a statement. Russia’s packaging industry is struggling under the impact of sanctions. A shortage of supplies has led to usually colorful juice cartons being printed mainly in white, footage filmed by Reuters showed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Electronics industry says RCEP needed to ensure competitiveness - BusinessWorld OnlineThe electronics industry expressed confidence in the industry’s competitiveness, but urged the Senate to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement to enhance its prospects. READ:
Source: bworldph - 🏆 9. / 68 Read more »