Ball announces decision to leave Russia

Ball Corporation has released the following statement about its decision to leave Russia:

“Ball Corporation continues to be deeply troubled by the war in Ukraine. In addition to suspending future investments in Russia—a decision we shared last week—we have made the decision to reduce operations immediately at our three manufacturing facilities in Russia and are pursuing the sale of our Russian business to a new owner.

“In 2021, our Russian business represented approximately 4% of the company’s total net sales and 8% of the company’s total comparable operating earnings. In addition, our plants in Russia produced approximately 5 percent of the company’s 112.5 billion global beverage can unit shipments during 2021.”