Mondi to Increase Prices in Europe for Sack and Specialty Kraft Paper

March 9, 2011 - Mondi has announced a price increase of 7 12% for all unbleached and bleached sack and specialty kraft paper grades, effective for deliveries April 1, 2011 for all European markets.

Mondi said the demand for kraft paper continues to be strong and although several increases were implemented during 2010 the continued cost pressure especially for wood and starch necessitates a further increase.

Mondi is an integrated producer of packaging paper, converted packaging products and uncoated fine paper. The Group's main operations are located in Central Europe, Russia and South Africa.