Huhtamaki invests to boost growth in its Flexible Packaging business segment
Huhtamaki will set up three new manufacturing units to boost growth in its Flexible Packaging business segment. The largest of the new units will be located in the greater Cairo area in Egypt and the other two in North East India. In addition, one label manufacturing unit in the Mumbai area will be relocated and modernized. "The investment in Egypt marks our entry into manufacturingflexible packaging in Africa. With its rapid population growth Africa is expected to offer sizable future growth opportunities to us and our customers," says Jukka Moisio, CEO of Huhtamäki Oyj. "With the investments in India we will further improve our geographic coverage of the country and our ability to service customers in food and pharma industries. After these additions our total number of manufacturing units in India grows to 17." New Greenfield in Egypt Manufacturing at the facility is scheduled to begin during 2018 and the unit is expected to employ approx. 300 employees when fully operational. The unit will serve both global and local flexible packaging customers as well as export its products into other countries. Currently Huhtamaki serves flexible packaging customers in Egypt from its operations in United Arab Emirates and India. "We're excited to expand our manufacturing network into Africa", says Olli Koponen, Executive Vice President, Flexible Packaging business segment. "We will replicate the state of the art solutions from our newest unit in United Arab Emirates and look forward to servicing new and current customers with efficiently produced top quality flexible packaging." Two new units and one modernization in India |