Tetra Pak, a leader in the field of processing and packaging of liquid food products, is withdrawing completely from the Russian market.
“Tetra Pak today announced that it will be exiting its remaining operations in Russia. This 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,” the official statement reads.
The company has reached an agreement to transfer its Russian business to local management. Following the transfer of ownership, the new company will operate under a new name and will not be affiliated with Tetra Pak.
The company has been on the Russian market for 62 years.
