Huhtamaki, a global leader in sustainable packaging solutions, has announced plans to streamline operations in China.
China Production
The company will strengthen its production in the Fiber Foodservice Europe, Asia, and Oceania segment by closing manufacturing sites in Tianjin and Shanghai by the end of the second quarter of 2024. The decision will affect 154 employees at the two sites, including the relocated Guangzhou office.
The consolidation effort is part of Huhtamaki’s strategy to improve the quality of its products, increase competitiveness and pave the way for future growth in the sector The move is part of the company’s broader strategy aimed at creating order-accelerated implementation.
Although the closure of the Tianjin and Shanghai manufacturing sites will cost around €13 million in the first quarter of 2024, Huhtamaki has pledged to support the workers affected by this transition, which has created new employment opportunities.
Cristian Tammela, Vice President of Investor Relations at Huhtamaki, can be contacted at +358 10 686 7058 for more information.
Huhtamaki is known for his commitment to sustainability and innovation in packaging solutions. The company aims to source carbon-neutral materials and ensure that all of its products are recyclable, compostable, or recyclable by 2030. Since Huhtamaki is involved in the life of the company responsibly, it has been recognized as a sustainable business by organizations such as the UN Global Compact and Ecovadis.
Established with 100 years of history and a strong Nordic heritage, Huhtamaki operates 37 home-based composting operations around the world. The company’s values of Care, Dare, and Deliver guide its decisions and motivate a team of approximately 18,000 employees to make a positive impact.
For more information about Huhtamaki and its sustainability efforts, visit www.huhtamaki.com
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