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December 14, 2020

Huhtamaki invests in fibre packaging manufacturing plant in Russia

Sustainable packaging solutions provider Huhtamaki is expanding its operations in Russia with additional investment in new fibre packaging manufacturing plant.

Sustainable packaging solutions provider Huhtamaki is expanding its operations in Russia with additional investment in new fibre packaging manufacturing plant.

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To be located at its current site in Alabuga, Tatarstan, the new facility will help serve the retail business and egg packaging industry in Eastern and Central parts of Russia.

Huhtamaki has already started its preparatory work on the Alabuga site.

Production of fibre packaging is expected to commence during the first quarter of 2022.

Huhtamaki newly integrated fibre and Foodservice Europe-Asia-Oceania business segment president Eric Le Lay said: “Russia is one of our key growth markets.

“This additional capacity for moulded fibre egg packaging enables further profitable growth for us in Russia.

“The location in Alabuga, Tatarstan, allows us to better serve our customers operating in the fast-developing Central and Eastern parts of Russia.”

Finland-based Huhtamaki entered the Russian market in 1980. It started operations at the Alabuga unit in Tatarstan in 2016. The site initially manufactured paper cups.

The company’s Ivanteevka manufacturing operations near Moscow currently produces foodservice and fibre packaging.

With around 700 employees in two manufacturing sites, Huhtamaki’s net sales in Russia reached €108m last year.

In March this year, Huhtamaki revealed plans to integrate its two business segments, Foodservice Europe-Asia-Oceania and Fibre Packaging as part of the company’s renewed strategy to obtain more growth opportunities.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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