Home | Make You Homepage | E-mail  
Home|About Us|Products|News center|Application|Sales Service|Online video|Send Inquiry|Contact us
About us
About Us
Application
Customer's Training

Contact us

Kylin Int’l Machinery Limited
Address: 19#, Haoxin street, nanchen village, daojiao town, dongguan city. Guangdong province  China.
Tel:+86-13650165734
E-mail: jacob#kylinmachinery.com

Contact: Jacob

Your Location:Home > News > News
Smurfit Kappa completes Russian exit

Smurfit Kappa has completed the disposal of its Russian operations after a process that has taken just under a year.

On 1 April 2022, five weeks after Russia’s invasion of Ukraine, the €12.8bn (£11.26bn) turnover packaging giant announced that it planned to exit the Russian market in an orderly manner.

Its businesses there – including a bag-in-box facility and two corrugated plants in St Petersburg, and a corrugated plant in Moscow – have been sold to local management with the deal completed after the necessary approvals by Russian authorities and all the related administrative separation tasks. 

Smurfit Kappa had previously said that its Russian businesses did not represent a separate major line of the business, and it did not split out its sales there. The group described its operations in Russia as representing “less than 2% of any of the group’s key performance indicators”.

The disposal has resulted in a €128m exceptional charge related to the impairment of its assets in Russia, with a €50m write-off of the cash balances held there, and an €8m loss in trade receivables.

| 发布时间:2023.03.22    来源:    查看次数:72
Copyright (2016) kylin machinery.com Kylin Int'l Machinery Limited All Rights Reserved.
Address: 19#, Haoxin street, nanchen village, daojiao town, dongguan city. Guangdong province  China.
New website: Book binding machine in china
Tel:+86-13650165734  E-mail: jacob#kylinmachinery.com
Paper bag machine in china case making machine bookbinding machine glue machine book cover making machine rigid boxes machine turning in machine glueing machine setup boxes slipcase maker

site map: sitemap.html sitemap.map