Media learns why Polish-US CanPack subsidiary is under interim administration
The reasons why interim administration was imposed on Ken-Pak Packaging Plant LLC and Ken-Pak LLC (owned by the U.S. CanPack Group) were unfair behaviour towards their business partners, overpricing and support for Ukraine, Vedomosti newspaper reports, citing a source close to the company and a source familiar with the stance of the Ministry of Industry and Trade.
Ken-Pak is one of Russia's largest aluminium can manufacturers. Its enterprises are controlled by the U.S. CanPack Group, which exercises its control through CanPack S.A. in Poland and the French company Tapon France.
As one Vedomosti source revealed, the Ken-Pak Group companies declined to supply their beverage manufacturer clients with the volume of cans required for 2024. As a result, the source said, in 2022–2023, Ken-Pak "speculated on the market shortage" by selling additional cans to companies with a roughly 40% markup.
Another problem quoted by Vedomosti was Ken-Pak shareholders' support for Ukraine, particularly the Polish CanPack, which strongly condemned Russia's military operation in Ukraine, the source said.
CanPack has two factories in Russia producing cans and lids for beverages and other packaging — in Volokolamsk near Moscow and in Novocherkassk in the Rostov region. The company supplies 25% of the Russian aluminium can market, according to the new CEO of Ken-Pak Packaging Plant, Vladislav Demidov.
In late 2025, President Vladimir Putin signed decrees imposing interim administration on the Russian subsidiaries of CanPack and Danish rock wool insulation manufacturer Rockwool. The temporary administrators of the Russian Rockwool and CanPack subsidiaries are, respectively, Razvitie Stroitelnykh Aktivov (Moscow) and StalElement (Krasnodar Krai).
"We are aware of rumours that Russia's decision to place the Russian Rockwool enterprises under interim administration was prompted by the company's donations to the Ukraine Reconstruction Fund," Rockwool CEO Jes Munk Hansen said earlier, apparently referring to a Danish fund established in 2023. According to Global Arbitration Review, Rockwool intends to initiate arbitration proceedings under the Russian-Danish investment protection agreement.
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20.01.26