Huhtamaki is investing €15 million (US$16.74 million) to expand and modernize its manufacturing unit in Guangzhou, China.
“With its growing population and rapid urbanization China is an important market for our quick service and specialty coffee customers,” says CEO Jukka Moisio.
“With this investment we will create a modern, efficient, high-capacity manufacturing unit and significantly improve our productivity and capability to serve our customers in the future.”
The 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.
