Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this […]
Tag Archives: Mondi investment
08
May
May
Mondi, a global leader in sustainable packaging and paper, has created Protector Bag ExpandForm, a paperbag solution with an expandable feature to safely rollpack mattresses. Protector Bag ExpandForm replaces the current plastic packaging with a flexible and recyclable alternative. The solution is also customisable and can expand to different sizes while holding the mattress securely. […]
19
Dec
Dec
Mondi, a global leader in sustainable packaging and paper, has worked with FRESH!PACKING, to design an innovative cooler bag, to protect and transport chilled or frozen goods home by consumers. The Fresh!Bag outer layer is entirely made from Mondi’s durable kraft paper replacing the traditionally used unrecyclable, multi-material packaging while improving cooling protection by up […]
22
Oct
Oct
Mondi has announced the approval of a Euro 400 million investment in a new paper machine at its Štětí mill in the Czech Republic. The investment forms part of the Group’s Euro 1 billion expansionary capital investment program. The investment will help Mondi to meet the growing demand for paper-based flexible packaging, underpinned by growth […]
17
Aug
Aug
Mondi has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of EUR 40 million. The mill currently operates one paper machine producing lightweight coated mechanical paper. Mondi plans to convert this paper machine to produce around 420,000 tonnes per year of high-quality recycled containerboard for an […]
18
Mar
Mar
Mondi Group’s CEO, Peter Oswald, said Mondi plans to invest on average EUR 700-800 million per year during the next two years on capital projects to drive the company’s fibre packaging operations. “Our disciplined approach to investigating, approving and executing capital projects is one of our key strengths and plays an important role in successfully delivering […]