Nestlé, Coca-Cola and the Danish brewer Carlsberg reported on Thursday the closure of their plants in Ukraine after the Russian invasion, in order to protect their staff.
“Ensuring the safety and security of our workers is our number one priority. For this reason, we have temporarily closed our factories, warehouses and supply chain in Ukraine and recommended our workers to stay home,” Nestle said in a statement.
The group, which has three factories and around 5,000 workers in Ukraine, said it had contingency plans to ensure it can resume supply of products as soon as security conditions allow.
For its part, Coca-Cola HBC said it had launched its contingency plans that included the closure of its bottling plant.
While Carlsberg, which has a 31 percent share of the Ukrainian beer market, has halted production at its three breweries in the country.
Impact on titanium and chip industries expected
Jet engine makers Rolls-Royce and Safran said on Thursday they had increased supplies of titanium as Western aerospace firms brace for fallout from the Ukraine crisis.
Titanium, much of it supplied by Russia, has been used in aircraft engines for decades, but its use has skyrocketed in recent years as planemakers try to make them lighter.
Big chip companies, meanwhile, said they expected limited supply chain disruption from the conflict, thanks to stockpiling and diversified acquisitions, but some industry sources estimated there could be an impact to longer term.
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