Huhtamaki to invest €15 Million for Expansion and Modernization of its Manufacturing Unit in China

Specifications:

Name:

Huhtamaki to invest €15 Million for Expansion and Modernization of its Manufacturing Unit in China

Location:

Guangzhou, South China

Company:

Huhtamaki

Estimated Cost:

€15 Million

Source:

www.huhtamaki.com

Introduction:

Huhtamaki supports the profitable growth of its foodservice business in China by investing in the expansion and modernization of its manufacturing unit in Guangzhou, South China.

Features:

This investment follows Huhtamaki's earlier announced actions to improve the competitiveness of its foodservice business in China and consolidate the South China manufacturing operations. The modernized unit will manufacture a defined core foodservice packaging product range. Majority of the investment will take place in the latter part of 2016 and early 2017, and the modernization is expected to be completed by the end of 2017.

This major investment brings our operations in China into a new level and strengthens our position as a leading foodservice packaging provider in East Asia," says Eric Le Lay, Executive Vice President, Foodservice Europe-Asia-Oceania business segment.

The total investment including site expansion, improvements in plant layout and new high-speed machinery is expected to be approximately EUR 15 million.