New owner of Huhtamaki's Russian business changes name to Scandipakk

MOSCOW. Feb 20 (Interfax) - The former Russian division of Finnish single-use dishes and packaging producer Huhtamaki, which was bought by a company controlled by businessman Alexander Govor last September, has changed its name to Scandipakk, the company said in a press release.

The change in name and logo does not change the company's approach to its business, the press release said.

"Scandipakk is maintaining its leading positions in the development and production of single-use packaging solutions in Russia and CIS countries and continuing confident development in the segment of environmentally friendly packaging," the company said.

Scandipakk has four production facilities, including two in Ivanteyevka, Moscow Region and two in the Alabuga special economic zone in Tatarstan. Scandipakk's products meet all Russian and international standards of quality and food safety, and are used in the largest Russian restaurant and retail chains. The company celebrates its 30-year anniversary this year.

"Despite all the difficulties the market faced in 2022, we closed last year in the black and this is a very good result. We intend to continue to implement the previously chosen development strategy, which is foremost expansion of production, installation of new equipment, introduction of new technologies, and development and launch of products that the market is waiting for. As always, we will follow global trends on the single-use packaging market and adapt them to the realities of the Russian market. We will develop and thus develop the Russian packaging market," Scandipakk CEO Natalya was quoted as saying in the release.

Huhtamaki completed the sale of its operations in Russia to Espetina Ltd, a company owned by Alexander Govor and Yury Kushnerov, in September 2022. The deal included four production facilities that were managed by two legal entities, Huhtamaki CIS LLC and Huhtamaki Alabuga LLC.