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August 2009 — Huhtamäki Oyj has sold its rigid plastic production unit in Roodekop, South Africa, to Polyoak Packaging (Pty) Ltd. The annual net sales of the unit is some EUR 5 million and it currently employs some 55 people. The sold unit serves the local edible fats and dairy markets and has dedicated injection molding assets.
"This transaction supports Huhtamaki's strategic review of rigid plastic consumer goods operations", says Huhtamäki Oyj's CEO Jukka Moisio. "We will continue to supply the South African market in a number of segments including foodservice, molded fiber and flexible packaging. We also continue production at our three remaining units in South Africa."
For further information, please contact:
Ms. Minna Kylänpää, Head of Group Communication, Tel. +358 (0)10 686 7863
HUHTAMÄKI OYJ
Group Communications
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2008 net sales totaling EUR 2.3 billion. Foodservice and consumer goods markets are served by approximately 14,000 people in 61 manufacturing units and several sales offices in 34 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and is listed on the NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.
Source: WolrdPressOnline
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