Harman Patil (Editor)

Huhtamäki

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Traded as  Nasdaq Helsinki: HUH1V
Profit  €151.4 million (2015)
Revenue  2.7 billion EUR (2015)
Net income  151.4 million EUR (2015)
Type  Public company
Industry  packaging
Headquarters  Espoo, Finland
Founded  1920
Operating income  214.9 million EUR (2015)
Huhtamäki wwwhuhtamakicomimagelayoutsetlogoimgid112
Key people  Pekka Ala-Pietilä (Chairman), Jukka Moisio (President and CEO)
Products  Paper, plastic and moulded fibre packaging
Total assets  €2,515 billion (end 2015)
CEO  Jukka Moisio (29 Aug 2008–)
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Huhtamaki is a global food packaging specialist, headquartered in Espoo, Finland. Its primary outputs include paper and plastic disposable tableware, such as cups, plates and containers for quick service restaurants, coffee shops, retail stores, caterers and vending operators (e.g. coated paper cups for fast food chains like Burger King) as well as flexible packaging and labels for food and drink, pet food, pharmaceuticals, household and hygiene brands. Huhtamaki also makes egg cartons and trays, fruit trays and cup carriers. The company is a pioneer in exploring and using new sustainable materials such as bio-plastics and recyclable materials. Huhtamaki was initially established as a manufacturer of confectionery in 1920 in Finland and grew in size over the years, eventually becoming an industrial conglomerate with such diverse product lines as ladies' clothing, pharmaceuticals and electronic components. A packaging division was established in 1965 under the Polarpak brand. In 1988, the company decided to concentrate on a single business area where it could be world-leading. Many business units were divested over the following decade, including the pharmaceutical division Leiras (sold to Schering) and the original candy business (which by this point included the Leaf brand). During the same period, a large number of packaging companies were acquired. Today Huhtamäki is solely focused on the packaging sector with around 16,000 employees in over 30 countries. Its North American operations are based in De Soto, Kansas. The parent company Huhtamäki Oyj is listed on Nasdaq Helsinki Ltd.

References

Huhtamäki Wikipedia


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