March 23, 2022 - Mondi today announced a EUR 280 million investment in its Corrugated Packaging operations across four countries to boost production and to serve customers more efficiently.
The investment includes around EUR 185 million across its central and eastern European Corrugated Solutions plant network and EUR 95 million at Mondi Swiecie's containerboard mill in Poland.
Mondi pointed out that these investments together represent an important part of the company's announced EUR 1 billion in expansionary capital investment projects this year to accelerate growth in sustainable packaging.
According to Mondi, European demand for corrugated packaging is expected to grow by 2 - 4% per year in the medium term as customers increasingly insist on more sustainable packaging solutions. To meet this growing demand, Mondi is investing in its ability to supply the growing FMCG, eCommerce, and industrial markets from resource-efficient plants and equipment.
Some highlights of the investment programme:
The expansion and upgrade of Mondi's Kuopio semi-chemical fluting mill also remains on track. The EUR 125 million capital investment project announced last year will increase the facility's capacity by around 55,000 tonnes per year to meet growing customer demand, enhance product quality and cost-competitiveness, and strengthen the mill's environmental performance. The project includes an upgrade of the wood yard, fibre line, evaporation plant and paper machine, with start-up planned for the fourth quarter of 2023.
Mondi is a global leader in packaging and paper, offering innovative and sustainable packaging and paper solutions. The company is fully integrated across the packaging and paper value chain. To learn more please visit: www.mondigroup.com.
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