Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki announced its intention to divest its operations in Russia. This followed an earlier decision to stop all […]
Tag Archives: Huhtamaki PPL
05
Sep
Sep
The Russian billionaire Alexander Govor has made a bid for Finnish packaging giant Huhtamäki’s Russian operations amounting to 151 million euro, Reuters reports. Alexander Govor has previously taken over McDonald’s former restaurants in Russia. After the invasion of Ukraine, Huhtamäki retreated from Russia. Govor is willing to pay up to 151 million euros for Huhtamäki’s […]
07
Jul
Jul
Arup Basu, managing director, Huhtamaki PPL said, “This project forms part of our larger environmental sustainability program that includes reduction of carbon footprint, developing innovative recyclable laminate structures and helping shape a circular economy. It is important for industry players like us to help build awareness amongst consumers that by using flexible packaging, they are […]