Ball announces decision to reduce operations immediately at its three manufacturing facilities in Russia; company also pursuing sale of its Russian business to a new owner

Sample article from our Packaging Industry

WESTMINSTER, Colorado , March 28, 2022 (press release) –

Ball Corporation (NYSE: BLL) 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 percent of the company's total net sales and 8 percent 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.

About Ball Corporation

Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products for customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 24,300 people worldwide and reported 2021 net sales of $13.8 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.

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