Huhtamaki is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately $30 million, and the warehouse and manufacturing facility will be leased. This will significantly increase […]
Tag Archives: Huhtamäki’s Russian division
06
Sep
Sep
Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki announced its intention to divest its operations in Russia. This followed an earlier decision to stop all […]
05
Sep
Sep
The Russian billionaire Alexander Govor has made a bid for Finnish packaging giant Huhtamäki’s Russian operations amounting to 151 million euro, Reuters reports. Alexander Govor has previously taken over McDonald’s former restaurants in Russia. After the invasion of Ukraine, Huhtamäki retreated from Russia. Govor is willing to pay up to 151 million euros for Huhtamäki’s […]