Huhtamaki: Closing Hong Kong and Australian plants

Finnish packaging company Huhtamaki is closing rigid packaging facilities in Hong Kong and Perth, Australia, as part of its restructuring programme.
The Hong Kong facility will be relocated to southern China – construction of a new site will start in early 2006. The Hong Kong unit will close towards the end of 2007, resulting in approximately 100 job losses, according to the company.
Executive vice president for Asia-Oceania-Africa Tony Combe said: “We have a good market presence in northern China but we need to increase capacity in order to respond to the growing opportunities in southern China.”
The Bayswater, Perth, plant employs 30 people and will close by the end of 2005. Equipment from the plant will be relocated to the Mulgrave facility in Melbourne, Australia.
Closure costs are included in the E80m provision previously announced for the second phase of restructuring, the company said.

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