Huhtamaki to consolidate its production footprint by closing a site in Malaysia
23 Aprile 2024 - 8:00AM
Huhtamaki to consolidate its production footprint by closing a site
in Malaysia
HUHTAMÄKI OYJ PRESS RELEASE 23.4.2024 AT 9:00 EEST
Huhtamaki is planning to consolidate the production footprint in
the Fiber Foodservice Europe-Asia-Oceania segment by closing its
production site in Port Klang, Malaysia, by the end of Q2 2024.
Huhtamaki will continue to serve the region by retaining
distribution center in Malaysia and Thailand as well as a sales
office in Singapore. The decision affects 93 employees. Huhtamaki
will provide support for the impacted employees.
The aim of the consolidation is to optimize the manufacturing
footprint, improve the competitiveness and strengthen the
foundation for future growth in the Asia Pacific region. The
announced 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.
The Port Klang site planned to be closed does not represent a
material share of the sales or profits of Huhtamaki. During the
first and second quarters of 2024, Huhtamaki will book
closure-related costs in total of approximately EUR 13 million. The
costs will be booked as items affecting comparability.
For further information, please contact: Kristian Tammela,
Vice President, Investor Relations, tel. +358 10 686
7058 HUHTAMÄKI OYJ Global
Communications
About Huhtamaki Huhtamaki is a leading
global provider of sustainable packaging solutions for consumers
around the world. Our innovative products protect on-the-go and
on-the-shelf food and beverages, and personal care products,
ensuring hygiene and safety, driving accessibility and
affordability, and helping prevent food waste. We embed
sustainability in everything we do. We are committed to achieving
carbon neutral production and designing all our products to be
recyclable, compostable or reusable by 2030. Our blueloopTM
sustainable packaging solutions are world-leading and designed for
circularity.
We are a participant in the UN Global Compact, Huhtamaki is
rated ‘A’ on the MSCI ESG Ratings assessment and EcoVadis has
awarded Huhtamaki with the Gold medal for performance in
sustainability. To play our part in managing climate change, we
have set science-based targets that have been approved and
validated by the Science-Based Targets initiative.
With 100 years of history and a strong Nordic heritage we
operate in 37 countries and 107 operating locations around the
world. Our values Care Dare Deliver guide our decisions and help
our team of around 18 000 employees make a difference where it
matters. Our 2023 net sales totalled EUR 4.2 billion. Huhtamaki
Group is headquartered in Espoo, Finland and our parent company,
Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd. Find out more
about how we are protecting food, people and the planet at
www.huhtamaki.com.
Grafico Azioni Huhtamaki Oyj (TG:HUKI)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Huhtamaki Oyj (TG:HUKI)
Storico
Da Dic 2023 a Dic 2024