McCain Foods scraps plans for Russian plant [View all]

Company had planned to spend $211 million Cdn on plant south of Moscow

McCain Foods has scrapped its plan to open a potato processing plant in Russia following the country's invasion of Ukraine.

The company founded in New Brunswick announced the change in plans in a statement issued Thursday morning after previously saying it had halted construction as of Feb. 24.

"We have now made the decision to discontinue the project entirely," Charlie Angelakos, McCain's vice-president of global external affairs and sustainability, said in an emailed statement.

"In addition, we are also suspending all shipments of our products into the Russian market."

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https://www.cbc.ca/news/canada/new-brunswick/mccain-foods-russia-plant-1.6379744