packaging and paper solutions

 Major capex project will increase production capacity, strengthen competitiveness, improve safety and benefit the local environment in line with Mondi’s MAP2030 sustainability commitments

Background

As a global leader in packaging and paper, Mondi operates across more than 30 countries, generating revenues of €7.7 billion and underlying EBITDA of €1.5 billion in 2021.

As previously announced, Mondi’s operations in Russia represented c. 12% of the Group’s revenue by location of production in 2021 and, over the last three years, generated c. 20% of the Group’s underlying EBITDA. Mondi has operated in Russia for over 22 years.

Mondi plc (‘Mondi’ or the ‘Group’) is pleased to announce that it has entered into an agreement to sell its Personal Care Components business (‘PCC’) to Nitto Denko Corporation (‘Nitto’) for an enterprise value of €615 million, which is also the approximate cash consideration payable to Mondi at completion (the ‘Transaction’).

Mondi’s strategic focus to grow in packaging and the limited overlap of PCC with the rest of its business, has led Mondi to conclude that the next phase of PCC’s development will be better undertaken outside of the Group.

• Wide uncoated fine paper portfolio from Mondi´s Austrian, Slovak and Russian mills awarded with a Cradle to Cradle certification at Bronze level
• Cradle to Cradle Certified® is a globally recognised standard for safe and responsible products marking the step from a linear to a circular economy
• Cradle to Cradle Products Innovation Institute acknowledges Mondi´s contribution to a circular economy through products that positively impact people and planet

Mondi, a global leader in packaging and paper, received the Cradle to Cradle certification at Bronze level fo

• Expansion and modernisation of evaporation plant at Frantschach mill in Austria makes pulp production more sustainable
• New equipment increases the amount of heat extracted and reduces the chemical oxygen demand of the biological waste water treatment
• Consistent optimisation contributes to bioeconomy by increasing the share of by-products from the pulp production process

Mondi, a leading global packaging and paper company, is investing €20 million to further improve the sustainability of its pulp production at the Frantschach mill in Austria.