Latest news with #Huhtamaki
Yahoo
5 days ago
- Business
- Yahoo
Huhtamaki expands sustainable offerings with new ice-cream cups
Sustainable food packaging solutions provider Huhtamaki has introduced a new range of compostable ice-cream cups. The cups are designed to be compostable both in home settings and industrially, as well as recyclable, providing a viable alternative for the ice-cream market. They are made from certified paperboard that is responsibly sourced and features a biobased material coating, which reduces reliance on fossil-based plastics, maintaining plastic content below 10%. The new cups are now available for purchase, offering a sustainable option that does not compromise on quality or performance, according to the company. Huhtamaki stated that this initiative is part of its strategy to promote sustainability and assist customers in minimising their environmental impact. Huhtamaki foodservice packaging president Fredrik Davidsson said: 'Our new ice-cream cups demonstrate Huhtamaki's expertise in paperboard and barrier technologies, as well as our dedication to sustainable innovation. 'We are proud to offer a product that not only meets the highest environmental standards but also delivers the high quality our customers expect.' In April 2025, Huhtamaki acquired Zellwin Farms, a US-based producer of moulded fibre packaging, known for its recycled paper egg cartons and trays. With over 20 years of experience, Zellwin Farms serves clients in the Southeastern US from its single manufacturing site. Its products use recycled paper materials collected from the local area. Huhtamaki provides sustainable packaging solutions for food, beverages, and personal care products. The company employs approximately 18,000 staff members across 36 countries and 101 locations. It reported net sales of €4.1bn ($4.7bn) in 2024. "Huhtamaki expands sustainable offerings with new ice-cream cups" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
02-07-2025
- Business
- Mint
Huhtamaki India plots big M&A push with up to $500 million in kitty
MUMBAI : Armed with a $400-500 million war chest, Finnish packaging major Huhtamaki Group's Indian subsidiary is looking to scoop up local assets in a bid to expand its product base and bulk up revenues, two people with knowledge of the development said. This comes in the backdrop of a consolidation wave playing out in the packaging industry, with large companies such as Essel Propack, Manjushree as well as Huhtamaki looking to acquire assets in a bid to expand their product and geographical base, these people said. 'Companies such as Huhtamaki are in the market to scout for packaging companies that have scaled up and can be taken into fold," the first person cited above said on condition of anonymity. The second person added that aside from earmarking around $400-500 million for its inorganic move, the company 'has the ability to raise debt domestically, too, to finance these acquisitions". In response to queries from Mint, a Huhtamaki India spokesperson said, 'As a policy, we don't comment on market speculations. Should there be any developments to share, they will be communicated through official company channels." Set up in 1935, Thane-based Huhtamaki India Ltd is a listed company that is one of the leaders in the domestic flexible packaging industry, manufacturing flexibles, labels and cylinders. The company has 10 manufacturing facilities in Maharashtra, Dadra and Nagar Haveli, Uttarakhand, Assam, Karnataka, Andhra Pradesh and Himachal Pradesh. Its parent, Espoo, Finland-based Huhtamaki Oyj, held 67.73% equity stake in the Indian subsidiary as on 31 March 2025, according to shareholding data from the BSE. A ratings release by Crisil in September 2024 showed that the company sold land parcels in Thane and Ambernath areas near Mumbai in FY23. 'HIL enjoys strong liquidity supported by unutilized fund-based bank lines and healthy cash and liquid surplus, led by consideration received from sale of land and building in Thane and Ambernath," the Crisil release said. 'Expected net cash accrual for 2024 to 2026 will be sufficient to meet annual capex and working capital requirement. The utilisation of proceeds from sale of land parcels will be a key monitorable." Armed with this capital and the parent's ability to help it raise money domestically, the company is in talks with several small and mid-sized businesses in India to acquire them, according tothe second person cited above. For the financial year ended 31 March 2024, Huhtamaki India earned a revenue of ₹2,550 crore as against ₹2,984 crore in the previous financial year, according to data from Crisil. The company's profit after tax stood at ₹410 crore in FY24. The packaging sector in India has shown substantial growth potential, driven by demand across India's consumer, industrial, pharmaceutical, and export industries, making it an attractive proposition for private equity (PE) firms and strategics. According to a Technopak report last year, India's packaging sector was valued at $74.7 billion in FY23, and is expected to reach $100 billion over the next five years, driven by various factors such as rising disposable incomes, urbanization, increased demand for processed and packaged goods, and a thriving e-commerce sector. The report added that other government initiatives focused on organized retail and food safety are further propelling demand for high-quality, standardized packaging solutions.
Yahoo
19-06-2025
- Business
- Yahoo
Huhtamaki secures $173m loan for refinancing
Finnish sustainable packaging solutions provider Huhtamaki has secured a €150m ($173m) freely transferable loan (Schuldschein) aimed at institutional investors. The loan agreement, structured in two floating and two fixed-rate tranches, will mature over five and seven years, respectively. This financial move is intended to facilitate the refinancing and support general corporate activities within the Huhtamaki Group. Meanwhile, Huhtamaki announced a change in its executive team. Johan Rabe, executive vice president of digitalisation and process performance, and a member of the Huhtamaki global executive team, will be departing the company to explore new career opportunities. Rabe has committed to aiding in a smooth transition until the end of the current year, after which his successor will be named. In January 2025, the company appointed Ralf Wunderlich as its new president and CEO. Huhtamaki, with a century-long history and a robust Nordic heritage, operates across 36 countries with approximately 18,000 professionals in 102 locations. The company's efforts towards sustainability can be seen in its operations and product offerings. These products play a crucial role in protecting food and beverages, both on-the-go and on-shelf, as well as personal care items, ensuring safety and hygiene, enhancing accessibility and affordability, and contributing to the reduction of food waste, stated the company. In 2024, Huhtamaki reported net sales of €4.1bn. Net sales remained flat at €1bn in the first quarter of 2025, when compared with the previous year's level. By the end of Q1 2025, the company realised cost savings amounting to €87m, which have been instrumental in offsetting the impact of cost inflation. In April 2025, Huhtamaki acquired Zellwin Farms, a producer of moulded fibre packaging in Florida, the US. "Huhtamaki secures $173m loan for refinancing" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
20-05-2025
- Business
- Zawya
Huhtamaki Egypt to invest in sustainable packaging plant in Sadat City
Egypt - Huhtamaki Egypt has secured the prestigious Golden License from the Egyptian Cabinet to establish a state-of-the-art molded fiber packaging facility in Sadat City, located within the CPC Industrial Zone of Menofeya. With a total investment of EGP 1.47bn, the project represents one of the Finnish packaging leader's most significant commitments in the region. Spanning approximately 22,000 square meters, the facility will be developed using recycled wastepaper and equipped with advanced molded fiber technology to produce eco-friendly packaging solutions such as egg cartons, fruit trays, and cup carriers. The plant is expected to begin operations in August 2026 and will create over 61 direct jobs, serving both domestic and international markets. This project marks a major milestone in the long-term strategic partnership between Huhtamaki Oyj and Ayman Korra, a key div in the project's structure and CEO of Korra for Energy & Investment Projects—one of Egypt's leading industrial firms. 'The awarding of the Golden License to this Huhtamaki initiative reflects the state's strong support for committed investors,' said Ayman Korra. 'It also affirms Korra's strategy of attracting global investment and localizing advanced technologies within the Egyptian market.' The Golden License, introduced by the Egyptian government to fast-track projects of national importance, provides a comprehensive approval framework for establishment, construction, operation, and licensing. It also offers a range of administrative and investment incentives to streamline project execution. Huhtamaki Egypt is now among fewer than 50 projects to have been granted the Golden License since the programme's inception in 2017—out of more than 300 applicants. This distinction underscores the strategic importance and transformative potential of the project. As Egypt strengthens its position as an investment hub, this development highlights the power of aligning global innovation with local vision—reinforcing Huhtamaki's role as a regional leader in sustainable packaging and supporting the broader national agenda for green industrial growth. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
19-05-2025
- Business
- Daily News Egypt
Huhtamaki Egypt to invest EGP 1.47bn in sustainable packaging plant in Sadat City
Huhtamaki Egypt has secured the prestigious Golden License from the Egyptian Cabinet to establish a state-of-the-art molded fiber packaging facility in Sadat City, located within the CPC Industrial Zone of Menofeya. With a total investment of EGP 1.47bn, the project represents one of the Finnish packaging leader's most significant commitments in the region. Spanning approximately 22,000 square meters, the facility will be developed using recycled wastepaper and equipped with advanced molded fiber technology to produce eco-friendly packaging solutions such as egg cartons, fruit trays, and cup carriers. The plant is expected to begin operations in August 2026 and will create over 61 direct jobs, serving both domestic and international markets. This project marks a major milestone in the long-term strategic partnership between Huhtamaki Oyj and Ayman Korra, a key figure in the project's structure and CEO of Korra for Energy & Investment Projects—one of Egypt's leading industrial firms. 'The awarding of the Golden License to this Huhtamaki initiative reflects the state's strong support for committed investors,' said Ayman Korra. 'It also affirms Korra's strategy of attracting global investment and localizing advanced technologies within the Egyptian market.' The Golden License, introduced by the Egyptian government to fast-track projects of national importance, provides a comprehensive approval framework for establishment, construction, operation, and licensing. It also offers a range of administrative and investment incentives to streamline project execution. Huhtamaki Egypt is now among fewer than 50 projects to have been granted the Golden License since the programme's inception in 2017—out of more than 300 applicants. This distinction underscores the strategic importance and transformative potential of the project. As Egypt strengthens its position as an investment hub, this development highlights the power of aligning global innovation with local vision—reinforcing Huhtamaki's role as a regional leader in sustainable packaging and supporting the broader national agenda for green industrial growth.
