Kingspan sells Russian business while Kerry suspends operations there

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

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

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

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

Kerry Group vows to donate any profit in Russia to Ukraine relief efforts | Business PostThe food firm says it doesn’t expect to make profit in Russia, but if it does it will be given to humanitarian causes in war-torn Ukraine EllieD798 DonalMacNamee97 Why are they still trading there? EllieD798 DonalMacNamee97 Continuing to trade in Russia is supporting Russia's war effort. Donations to the relief effort won't bring any of the innocent victims back! EllieD798 DonalMacNamee97 They don't expect to make a profit but will continue to operate there, why?
Source: businessposthq - 🏆 8. / 71 Read more »