RUSSIA (News release) -- Amcor announced that it will be selling its three factories in Russia. This announcement is in line with its previous statement regarding scaling down activities and exploring strategic options for its Russia operations.

Until completion of the sale, which is currently expected to occur in the second half of its 2023 fiscal year, Amcor remain committed to supporting its employees and customers, while preserving value for shareholders through an orderly sale process. The guidance Amcor provided for FY23 in its recent year-end results takes into account a number of potential outcomes regarding the sale of Amcor's factories in Russia.

Amcor is a global leader in developing and producing responsible packaging solutions.

You get lots of valueless email, sign up for newsletters that can promote your career.