market

Huhtamaki to consolidate its production footprint in United Arab Emirates

Huhtamaki to consolidate its production footprint in United Arab Emirates

Huhtamaki has decided to consolidate its three Flexible Packaging manufacturing sites in the United Arab Emirates, keeping one factory in Jebel Ali and expanding the one in Ras Al Khaimah. The transition will gradually take place during the second half of 2024.

The aim of the consolidation is to optimize the manufacturing footprint, improve the competitiveness and strengthen the foundation for future growth in the region. The change is part of Huhtamaki’s program to accelerate strategy implementation published in November 2023 and expected to materially support the profitability of Huhtamaki with efficiency improvements leading to savings of approximately EUR 100 million over the next three years.

Planned consolidation does not represent a material share of the sales or profits of Huhtamaki. During the second quarter of 2024, Huhtamaki will book consolidation-related costs in total of approximately EUR 4 million. The costs will be booked as items affecting comparability.

About Huhtamaki 

Huhtamaki is a leading global provider of sustainable packaging solutions for consumers around the world. 

papnews logo

Edipap Srl | VAT IT09057310964 | Via Pordenone 13, 20132 - Milan - Italy | phone +39 02 21711614 | www.edipap.com | info@papnews.com

close and go back to site

Lost your password?

close and go back to site

My Agile Privacy
This website uses technical and profiling cookies. Clicking on "Accept" authorises all profiling cookies. Clicking on "Refuse" or the X will refuse all profiling cookies. By clicking on "Customise" you can select which profiling cookies to activate.