HUHTAMÄKI OYJ PRESS RELEASE 13.11.2018 AT 15:45
Huhtamaki invests to grow its fiber packaging business in Russia and the Nordics
Huhtamaki is investing app. EUR 7 million in its fiber packaging operations in Russia to facilitate further growth. In addition to the fast-growing Russian market the operations in Ivanteevka, near Moscow, serve the neighboring countries of Belarus and Kazakhstan, as well as the Nordic market.
With the investment Huhtamaki expands and modernizes the range of egg packaging manufactured in Ivanteevka to even better match the expectations of its customers in Russia and in the Nordic markets. The additional capacity also allows Huhtamaki to continue to support the ongoing transfer from plastic egg packaging to more sustainable fiber packaging in Eastern Russia.
The investment includes a state-of the art molded fiber packaging manufacturing line as well as modernization of an existing line in the Ivanteevka unit. In addition, the water management system of the facility is updated as part of Huhtamaki's continuous efforts to minimize the environmental footprint of its manufacturing operations. The new line is expected to be operational during the fourth quarter in 2019.
"We are proud to continue developing Huhtamaki Fiber Packaging together with our partners in Russia and the Nordics. Product range, quality and innovation are our highest priorities in serving our customers and meeting their growth expectations," says Gala Mansurova, General Manager Fiber Packaging Russia.
For further information, please contact:
Katariina Hietaranta, Head of Financial Communications & IR, tel. +358 10 686 7863
HUHTAMÄKI OYJ
Global Communications
Huhtamaki is a global specialist in packaging for food and drink. With our network of 78 manufacturing units and additional 24 sales only offices in altogether 34 countries, we're well placed to support our customers' growth wherever they operate. Mastering three distinctive packaging technologies, approximately 18,100 employees develop and make packaging that helps great products reach more people, more easily. In 2017 our net sales totaled EUR 3.0 billion. The Group has its head office in Espoo, Finland and the parent company Huhtamäki Oyj is listed on Nasdaq Helsinki Ltd. Additional information is available at www.huhtamaki.com (https://www.huhtamaki.com).
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Huhtamäki Oyj via Globenewswire
