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Huhtamaki

30.06.2016 0

Huhtamaki consolidates business in Asia Oceania

Huhtamaki is improving the competitiveness of its foodservice business in China and New Zealand. Operations in both countries have had an adverse effect on the segment's earnings in 2015 and in the first quarter of 2016.

The foodservice packaging manufacturing operations in South China will be consolidated into one more efficient and modernised unit. Actions are expected to have an impact on approx 350 employees across functions.

Manufacturing operations in New Zealand, are reorganized to improve efficiency of the unit, which will impact approx 15 employees.

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21.04.2016 0

Huhtamäki reports good start to the year

The finnish spackaging specialist reports a good start to the year, when net sales grew to EUR 672 million (previous year EUR 630 million) and EBIT improved to EUR 58 million compared to EUR 50 million in the year before. Comparable net sales growth was 6% in total and 8% in emerging markets. Currency movements had a negative impact of EUR -11 million on the Group's net sales and EUR -1 million on EBIT.

 

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14.04.2016 0

Amcor, Constantia, Huhtamaki, Ampac etc receive awards

Alufoil, the European Aluminium Foil Association has held its annual awards competition. This year is no exception with 65 entries across the five major categories producing 10 outstanding winners, plus an Overall Excellence winner, which scored extremely high marks in all categories.

 

The winners and categories were:

 

Consumer Convenience

 Ampac Flexibles: Protein Shake Pouch (see image)

 Ardagh Group and Amcor Flexibles: "All in One Fondü"

 Constantia Flexibles: Ofen-Fleischkäs' – ready for baking @ home

 

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24.03.2016 0

Huhtamaki: EUR 150 million loan and joint venture in Arabia

Huhtamäki Oyj has signed a EUR 150 million freely transferable loan agreement. The loan is targeted to institutional investors. It is divided into two floating rate and two fixed rate tranches with maturities of 5 and 7 years. Huhtamaki will use the funds for refinancing and general corporate purposes of the Group.

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24.12.2015 0

Huhtamaki about to acquire competitor

Huhtamäki Oyj's subsidiary has entered into an agreement to acquire FIOMO, a.s., a privately owned manufacturer of flexible packaging foils and labels in the Czech Republic. With the acquisition Huhtamaki expands its flexible packaging manufacturing footprint to Eastern Europe and is able to offer agile high quality off-set printing capabilities for smaller production runs for its customers in Europe.

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