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Huhtamäki

Huhtamaki
Company nameHuhtamäki Oyj
Company typeJulkinen osakeyhtiö
IndustryPackaging
Founded1920
HeadquartersEspoo
Key peopleMikael Lilius (Chairman), Jukka Moisio (President and CEO)
ProductsPaper, plastic, films and moulded fibre packaging
Revenue-1.952 billion (2010)
Operating income-134.3 million (2010)
Net income-111.1 million (2010)
Total assets-1.865 billion (end 2010)
Total equity-848.7 million (end 2010)
Employees11,690 (end 2010)

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Huhtamäki is a Finnish company, headquartered in Espoo, which manufactures and supplies packaging for various uses. Its primary outputs include cartons and containers for foods and other consumer goods, disposable tableware and films and laminates for such uses as adhesives, plasters and labels. The company was initially established as a manufacturer of confectionery in 1920 and grew in size over the years, eventually becoming an industrial conglomerate with such diverse product lines as ladies' clothing, pharmaceuticals and electronic components. A packaging division was established in 1965 under the Polarpak brand. In 1988, it was decided to concentrate on a single business area. Many business units were divested over the following decade, including the pharmaceutical division Leiras (sold to Schering) and the original candy business (which by this point included the Leaf brand). During the same period, a large number of packaging companies were acquired. Today Huhtamäki is solely focused on the packaging sector with around 15,000 employees in over 30 countries. Its North American operations are based in De Soto, Kansas.




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