Global Food & Beverage Leaders Cut Ties with Russia

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Researched by Industrial Info Resources (Sugar Land, Texas)--Companies across the global Food & Beverage Industry are suspending business activity in Russia amid the war in Ukraine, including Coca-Cola Company (NYSE:KO) (Atlanta, Georgia), PepsiCo (NASDAQ:PEP) (Harrison, New York), Nestle S.A. (Vevey, Vaud, Switzerland), Valio Ltd. (Helsinki, Finland), Arla Foods (Viby, Denmark) and Unilever (NYSE:UL) (London, England). The same companies said they would continue to monitor the ongoing situation in and around Ukraine.

Separately, Danone is suspending all investment projects in Russia, but will continue with its production and distribution of dairy products and baby food.

Industrial Info is tracking about 400 Food & Beverage Industry projects across Russia, worth $6.6 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Food & Beverage Industry Project Database can click here for a list.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: LinkedIn.