In May 2022, Orica (ASX: ORI) announced it would exit its operations in Russia during the second half of the 2022 financial year. Orica can now confirm that as part of a structured exit process, it has sold its operations in Russia to local management, effective immediately, completing its exit from Russia.
Tragically, during the transition period, an incident at a customer site in remote far east Russia resulted in the fatality of one of our employees. We are supporting our customer and local authorities as they conduct a detailed investigation into the incident.
Any workplace fatality has a devastating and profound impact on those affected. Our thoughts and sympathies are with the family, friends, and colleagues of the deceased employee and our priority remains on supporting them during this very difficult time.