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GlobeNewswire (Europe)
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Huhtamäki Oyj: Huhtamaki invests in further growth in Russia

HUHTAMÄKI OYJ PRESS RELEASE 11.12.2020 AT 10:00 EET

Huhtamaki invests in further growth in Russia

Huhtamaki, a key global provider of sustainable packaging solutions for consumers around the world, is investing for further growth in Russia. In order to respond to the fast development of the retail business and egg packaging industry in Eastern and Central parts of Russia, the company is setting up a new fiber packaging manufacturing plant at its existing site in Alabuga, Tatarstan. Preparatory work on the site is under way and production of fiber packaging is expected to begin during the first quarter of 2022.

"Russia is one of our key growth markets," says Eric Le Lay, President for the newly integrated Fiber and Foodservice Europe-Asia-Oceania business segment. "This additional capacity for molded fiber egg packaging enables further profitable growth for us in Russia. The location in Alabuga, Tatarstan, allows us to better serve our customers operating in the fast-developing Central and Eastern parts of Russia," he continues.

Huhtamaki entered the Russian market in 1980 to supply the Moscow Olympics with products manufactured in Finland. Manufacturing operations in Russia began in 1994 in Ivanteevka, near Moscow, where Huhtamaki currently manufactures both foodservice and fiber packaging. The Alabuga unit in Tatarstan began operations in 2016, initially as a paper cup manufacturing site. In 2019 Huhtamaki's net sales in Russia were EUR 108 million and the company currently employs approximately 700 people across the two manufacturing sites.

For further information, please contact:
Investors: Calle Loikkanen, Head of Investor Relations and Financial Communications, tel. +358 10 686 7125
Media: Katariina Hietaranta, Head of Media Relations, tel. +358 10 686 7863
In Russia: Natalia Valukhova, General Manager Huhtamaki SNG, tel. +7 495 783 37 31

HUHTAMÄKI OYJ
Global Communications

About Huhtamaki
Huhtamaki is a key global provider of sustainable packaging solutions for consumers around the world, enabling wellbeing and convenience. Our innovative products protect on-the-go and on-the-shelf food and beverages, ensuring hygiene and safety, and help prevent food waste. We embed sustainability in everything we do. We are committed to achieving carbon neutral production and designing all our products to be recyclable, compostable or reusable by 2030.

We are a participant in the UN Global Compact and as of 2020, we received an MSCI ESG Rating of A, on a scale of AAA - CCC. To play our part in managing climate change, we have committed to set science-based targets through the Science Based Targets initiative. Huhtamaki has been awarded the Silver medal by EcoVadis for performance in sustainability.

With 100 years of history and a strong Nordic heritage we operate in 35 countries and 81 sites around the world. Our values Care Dare Deliver guide our decisions and help our team of 18,600 employees make a difference where it matters. Our 2019 net sales totaled EUR 3.4 billion. Huhtamaki Group is headquartered in Espoo, Finland and our parent company, Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd. Find out more about how we are protecting food, people and the planet on www.huhtamaki.com.


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