Mark Drakeford is fronting a Welsh Government press conference on Friday to detail the easing of Covid restrictions. The company currently serves international quick-service restaurants QSR as well as national bakery chains. With this acquisition, Huhtamaki continues to strengthen its position as the leading foodservice packaging provider in Asia and expands its product portfolio in China allowing it to better serve its existing and new customers in this exciting growth market. Jiangsu Hihio-Art Packaging Co. Employees will be offered an opportunity to continue to work for Huhtamaki after the transaction is closed. In the annual net sales of the privately owned business were approximately EUR 20 million. Following the acquisition, Huhtamaki will have altogether four manufacturing units in China: in Guangzhou, Shanghai, Tianjin, and Xuzhou. Urbanization, middle class expansion and innovation into more sustainable packaging solutions drive growth across Asia.
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