Huhtamaki vacates and sells a facility in China
(Thomson Reuters ONE) -
HUHTAMÄKI OYJ PRESS RELEASE 21.4.2017 AT 14:00
Huhtamaki vacates and sells a facility in China
Huhtamaki has agreed to sell one of its manufacturing facilities and the related
land usage rights in Guangzhou, China, to Guangzhou Yashao Investment Co. Ltd.
The sale is part of the ongoing consolidation of Huhtamaki's foodservice
packaging manufacturing operations in South China. The transfer of manufacturing
activities into one efficient, modernized unit is expected to be completed and
the sold facility vacated during the third quarter of 2017.The selling price is
approx. EUR 14 million and the sale is expected to be finalized during the
second quarter of 2017. As a result of the sale, a gain of approx. EUR 6 million
will be booked as an item affecting comparability (IAC) in the second quarter of
2017 in the Foodservice Europe-Asia-Oceania business segment.
For further information, please contact:
Media: Katariina Hietaranta, Head of Group Communications & IR, tel.
+358 10 686 7863
Investors: Kaisa Uurasmaa, Investor Relations, tel. +358 10 686 7815
HUHTAMÄKI OYJ
Group Communications
Huhtamaki is a global specialist in packaging for food and drink. With our
network of 76 manufacturing units and additional 24 sales only offices in
altogether 34 countries, we're well placed to support our customers' growth
wherever they operate. Mastering three distinctive packaging technologies,
approximately 17,000 employees develop and make packaging that helps great
products reach more people, more easily. In 2016 our net sales totaled EUR 2.9
billion. The Group has its head office in Espoo, Finland and the parent company
Huhtamäki Oyj is listed on Nasdaq Helsinki Ltd. Additional information is
available at www.huhtamaki.com.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Huhtamäki Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 537586
Anzahl Zeichen: 2352
contact information:
Town:
Espoo
Kategorie:
Business News
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