Finland's Huhtamaki to shun flexible packaging production at US facility

08-Nov-08
Finland's Huhtamaki, a global consumer and specialty packaging company, will cease flexible packaging production in Malvern, USA, due to low volumes and unsatisfactory profitability while continuing its profitable Films production in the same location. Impacting nearly 80 employees, the company says the decision will improve Flexibles and Films Global segment's ongoing profitability and cash flow. The recent changes in North America has led to decline of market share in wet pet food and the volume and profitability expectations for Malvern Flexibles have not been reached. However, the company will continue to serve the North American customers with flexible packaging from other regions. The Group has 10 flexible packaging production units located in Europe, Asia, South America and Oceania. The most recent capacity expansion investments have been made in India and Thailand.
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