Expansion Huhtamaki starts flexible packaging manufacturing in Egypt
The greenfield is located in the greater Cairo area and will serve Huhtamaki's flexible packaging customers in Egypt as well as export its products into other African countries and Europe. The manufacturing unit is built on a land area of almost 37,000 square meters, with ample space for future expansion. Production has started this spring and the facility is expected to employ approximately 250 employees.
The new manufacturing unit is owned and operated as a joint venture of which Huhtamaki owns 75%. The remaining 25% is owned by Mr. Ayman Korra, who has been Huhtamaki's joint venture partner in the Egyptian fiber packaging business since 2003. The current investment, including land purchase, facility construction and machinery, is expected to be approx. € 23 mill. with Huhtamaki share at approx. € 17 mill.