Huhtamaki announced set up of a new greenfield paper cup manufacturing unit in Kiev, Ukraine. With local manufacturing Huhtamaki expects to be able to better serve both its local and global customers. The new unit will manufacture a full range of paper cups for cold and hot drinks. Manufacturing operations are expected to begin during 2018 and the unit is expected to employ approximately 50 employees. The unit will become part of the Foodservice Europe-Asia-Oceania business segment.
Eric Le Lay, Executive Vice President, Foodservice Europe-Asia-Oceania, commented:
“Despite the recent political and economic turbulence, the foodservice market in Ukraine is growing and the country has an important role in many of our global key customers’ growth plans. In addition, Ukraine has an extensive transport infrastructure and is well placed to service the neighboring countries.”
Huhtamaki has been present in Ukraine since 2002 and is currently serving the market by importing products mainly from its manufacturing units in Poland.
In 3Q2016 Huhtamaki increased adjusted EBITDA margin to 13.4%.
The company is focused on manufacturing of foodservice packaging, flexible packaging and molded fiber packaging. It has 73 manufacturing units and 24 sales offices in 34 countries employing around 17,000 people worldwide. In 2016 our net sales totaled EUR 2.9 billion.