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Huhtamaki invests in further growth in the United States


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Copyright © Thomson Reuters 2013. All rights reserved.
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 retail customers. "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 HUHTAMÄKI OYJ Group Communications 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. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Huhtamäki Oyj via Thomson Reuters ONE [HUG#1674565]


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