HUHTAMÄKI OYJ PRESS RELEASE 19.9.2016 AT 16:00
Huhtamaki sets up a manufacturing unit to serve the U.S. west coast markets
Huhtamaki has agreed to purchase a manufacturing facility to set up a new world class manufacturing and distribution unit in the United States. The facility is located in Goodyear, Arizona, and is set to service the southwest and west coast foodservice packaging and retail tableware markets. "This is a significant investment to further grow our foodservice business in the United States and to leverage our global paperboard packaging expertise," says CEO Jukka Moisio.
The total investment including the site purchase and modifications, improvements in infrastructure, and machinery investments and installations is expected to exceed USD 100 million. Majority of the investment will take place in 2016-2017. Huhtamaki will start using the 70,000 m2 (750,000 sq. ft.) facility as a distribution center in early 2017 and manufacturing is scheduled to begin in late 2017. When fully operational, the unit is expected to employ approximately 300 employees and manufacture a full range of products including single wall paper cups, insulated paper hot cups, folding carton packaging, food containers, pressed paperboard plates and plastic cups and lids.
For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Thomas Geust, CFO, tel. +358 10 686 7880
Kaisa Uurasmaa, Investor relations, tel. +358 10 686 7815
Huhtamaki is a global specialist in packaging for food and drink. With our network of 73 manufacturing units and 23 sales offices in 34 countries, we're well placed to support our customers' growth wherever they operate. Mastering three distinctive packaging technologies, approximately 17,000 employees develop and make packaging that helps great products reach more people, more easily. In 2015 our net sales totaled EUR 2.7 billion. The Group has its head office in Espoo, Finland and the parent company Huhtamäki Oyj is listed on Nasdaq Helsinki Ltd. Additional information is available at www.huhtamaki.com.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Huhtamäki Oyj via Globenewswire