Mondi to Invest EUR 400 Million In New Kraft Paper Machine at Steti Mill

The new machine will be installed at Mondi's Steti Mill in Czech Republic and produce around 210,000 tonnes per year of sack kraft paper supporting Mondi's Paper Bags business.

Oct. 20, 2022 - Mondi today announced the approval of a EUR 400 million investment in a new paper machine at its flagship Steti mill in the Czech Republic. The investment forms part of the Group's EUR 1 billion expansionary capital investment programme to accelerate growth in sustainable packaging.

The investment will help Mondi to meet the growing demand for paper-based flexible packaging, underpinned by growth in eCommerce and sustainable packaging, and will contribute to increasing Mondi's range of innovative, sustainable packaging and paper solutions.

The new machine will produce around 210,000 tonnes per year of sack kraft paper supporting Mondi's Paper Bags business thanks to the benefits of a vertically integrated value chain. It will also allow Mondi to optimise production across the remaining kraft paper portfolio.

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, visit: www.mondigroup.com.