BRØDRENE HARTMANN A/S Hartmann invests at the level of USD 30 million in setting up a factory in the US Midwest with a view to continuing the positive sales development in North America. The factory is expected to contribute to Hartmann's results from 2017. The establishment of the factory in the US Midwest is initiated as a consequence of Hartmann having increased capacity utilisation as planned at the group's current factory in Brantford, Canada.
The US factory will produce moulded-fibre egg packaging and serve both existing and new customers on the North American market. The investment amounts to a level of USD 30 million, and the factory is expected to be operational in early 2017, contributing to the realization of Hartmann's long-term financial targets of increasing revenue to DKK 2.2 billion to DKK 2.4 billion and the profit margin before special items to 12% to 14% in 2017.
