Canadian frozen french fries giant McCain Foods has canceled a €150m project to build a production plant in Russia, citing Russian president Vladimir Putin’s invasion of Ukraine.
McCain announced the project, its first production facility in Russia, in April last year. Located in the Tula Oblast, the plant was to have employed 200 workers processing locally grown potatoes.
The company said it stopped construction on 24 February, the day the invasion began, and on Thursday (10 March) it announced that it was cancelling the project entirely. It has also suspended all shipments of products into the Russian market.
“We are always guided in these decisions by the ethics and perspective of being a family-owned business from New Brunswick, Canada,” McCain said.