Finnish food packing specialist Huhtamäki Oyj is investing in new facilities in Egypt, according to its 2016 financials release. The total investment in Egypt is expected to be approximately EUR 23 mn with Huhtamaki share at around EUR 17 mn, as the investment will be operated as a joint venture. In October, the company announced that it will set up three new manufacturing units to boost growth in its Flexible Packaging business segment and the largest of the new units will be located in the greater Cairo area and the other two in India.

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