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HUHTAMAKI GROUP

Company Profile Analysis

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HUHTAMAKI GROUP - Manufacturing & Construction showcase

Year Founded & Workforce

1920

17,714 Employees

Industry

Manufacturing & Construction

Services

Paper BagsPaper Wraps
H

HUHTAMAKI GROUP Employee Contacts

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HUHTAMAKI GROUP Overview

Company Headquarters: Finland

Founded: 1920

Workforce: ~17,714

Company Working: Huhtamaki Group (Huhtamaki) is a global manufacturer of consumer and specialty packaging for food and beverages. It operates through three segments, namely, foodservice packaging, flexible packaging, and fiber packaging. The foodservice packaging segment supplies paper and plastic disposable tableware to foodservice operators, fast food restaurants, and coffee shops. The flexible packaging segment produces flexible packaging materials, pouches, and labels for food, pet food, household, hygiene, and pharmaceutical products. The fiber packaging segment uses recycled fiber to produce egg cartons, fruit trays, bottle dividers, and cup carriers. The company offers standardized products, customized designs, and complete packaging systems and solutions. Food and beverage companies, quick service and fast-food restaurants, foodservice operators, and fresh produce packers and retailers are some of its major customers. Huhtamaki has 77 manufacturing units and 24 sales offices in 34 countries across the globe.

Strategy

Huhtamaki focuses on strategic acquisitions for achieving a leading position in the global market. The group concentrates on expanding its presence in international markets by partnering with dealers and distributors all over the world. Moreover, it invests in research and development to enhance its product portfolio and increase the applications of its products.

Company Snapshot

$3,019.9M

Revenue

17,714

Employees

1920

Founded

Finland

Headquarters

SWOT Analysis

Strengths

  • Broad product portfolio
  • Vast presence in North America
  • Strong research and development capabilities

Weaknesses

  • Dependence on North America for revenue generation
  • Focus only on its flexible packaging segment

Opportunities

  • Focus on strengthening the supply chain
  • Scope for market development for fiber packaging in Europe

Threats

  • Changing raw material prices
  • Fluctuation in foreign currency exchange rates
  • High labor cost

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Key Developments

DateApproachDevelopment
–ExpansionHuhtamaki established a paper straw manufacturing facility in Northern Ireland. This facility was aimed at manufactures paper straws using new, purpose-built machinery for delivering a premium product to improve the environmental friendliness of its products and introduce new, more sustainable packaging innovations.
–Product DevelopmentHuhtamaki announced the launch of its new fiber-based meal trays that are suited for both microwave and regular ovens for Waitrose & Partners to replace black plastic. These trays can be recycled and are also certified for home composting.

Product Offering

  • HUHTAMAKI GROUP
    • Paper Bags
    • Paper Wraps

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 3,019.9 Mn in 2016 to USD 3,554 Mn in 2018.
HUHTAMAKI GROUP — By Business Segment
Series (USD Mn)201620172018
Sales3,019.93,584.73,554

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