Brief: Huhtamaki To Consolidate Its Production Footprint In United Arab Emirates

Huhtamaki Oyj

31/05/2024 12:39

May 31 (Reuters) - Huhtamaki Oyj  HUH1V.HE :
    * TO CONSOLIDATE ITS PRODUCTION FOOTPRINT IN UNITED ARAB
EMIRATES
    * PLANNED CONSOLIDATION DOES NOT REPRESENT A MATERIAL SHARE
OF
SALES OR PROFITS OF HUHTAMAKI
    * DURING Q2 OF 2024, HUHTAMAKI WILL BOOK
CONSOLIDATION-RELATED
COSTS IN TOTAL OF APPROXIMATELY EUR 4 MILLION
    * CONSOLIDATES 3 FLEXIBLE PACKAGING MANUFACTURING SITES IN
UAE,
KEEPING ONE FACTORY IN JEBEL ALI AND EXPANDING ONE IN RAS AL
KHAIMAH
    * TRANSITION WILL GRADUALLY TAKE PLACE DURING SECOND HALF OF
2024

Source text for Eikon:  ID:nGNE2VC8pC 
Further company coverage:  HUH1V.HE 

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