Huhtamaki invests to boost growth in its Flexible Packaging business segment
Huhtamaki will set up three new manufacturing units to boost growth in its Flexible Packaging business segment. The largest of the new units will be located in the greater Cairo area in Egypt and the other two in North East India. In addition, one label manufacturing unit in the Mumbai area will be relocated and modernized. "The investment in Egypt marks our entry into manufacturing flexible packaging in Africa. With its rapid population growth Africa is expected to offer sizable future growth opportunities to us and our customers," says Jukka Moisio, CEO of Huhtamäki Oyj. "With the investments in India we will further improve our geographic coverage of the country and our ability to service customers in food and pharma industries. After these additions our total number of manufacturing units in India grows to 17."