Corporate Statement Lamb Weston / Meijer Wednesday 18 May 2022
Lamb Weston / Meijer has made the decision to exit the Russian market, withdrawing from the joint venture partnership that operates a manufacturing facility in Lipetsk. This decision follows our previous announcement that we would halt all exports to Russia and stop all further investments in the country.
We have been working toward this outcome for several weeks, and have identified a solution to exit the business, which exclusively sources from and supplies to the local market. Following the completion of this work, Lamb Weston / Meijer will not manufacture or sell products in Russia.
We are working to ensure the exit happens in a timely manner while effectively managing the restrictions and measures taken by all sides. We expect to conclude this process soon.