2013-01-31 23:35:33 -
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 1.2.2013 AT 0:30
Huhtamäki Oyj's subsidiary Huhtamaki, Inc. has purchased a manufacturing
facility in Batavia, Ohio, in the United States to set up a new state of the art
manufacturing and distribution unit. With the purchase Huhtamaki continues its
series of investments in expanding and strengthening its disposable product
offering and capability in the United States. "With the investment we begin to
fully leverage our paperboard packaging expertise and our global foodservice
position also in the United States," says Jukka Moisio, CEO of Huhtamäki Oyj.
The total investment including the site purchase, improvements in infrastructure
and machinery investments to set up capacity will be approximately USD 60
million (EUR 45 million). Majority of the investment will take place in 2013.
Huhtamaki plans to begin operations in
Batavia during the second half of 2013
and expects to create approximately 200 jobs by the end of 2016.
The site is strategically located in Batavia, Ohio, with excellent rail and
highway access and proximity to major foodservice markets. The optimal location
of the site will enable Huhtamaki to better serve its U.S. foodservice and
"By setting up this world class disposables manufacturing unit in Batavia we are
creating a platform to expand operations as we grow," says Clay Dunn, Executive
Vice President, North America. "In addition to building a plant with optimal
material and workflows we will be able to optimize the product range in existing
manufacturing units. Our initial focus in Batavia will be on paper cups which
are the core of Huhtamaki's global foodservice offering," he continues.
For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Timo Salonen, CFO, tel. +358 10 686 7880
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging
with 2011 net sales totaling EUR 2 billion. Foodservice and consumer goods
markets are served by approximately 14,000 people in 64 manufacturing units and
several sales offices in 31 countries. The parent company, Huhtamäki Oyj, has
its head office in Espoo, Finland and its share is quoted on NASDAQ OMX Helsinki
Ltd. Additional information is available at www.huhtamaki.com.
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Source: Huhtamäki Oyj via Thomson Reuters ONE