To view the PDF file, sign up for a MySharenet subscription.

Mondi Limited - Mondi enters into consultation with employee representatives about proposed closure of Czech Republic mill

Release Date: 19/11/2012 15:30
Code(s): MND MNP     PDF:  
Wrap Text
Mondi enters into consultation with employee representatives about proposed closure of Czech Republic mill

Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together
'Mondi Group') notify both the JSE Limited and the London Stock Exchange of matters
required to be disclosed under the JSE Listings Requirements and/or the Disclosure and
Transparency and Listing Rules of the United Kingdom Listing Authority.

19 November 2012


Mondi enters into consultation with employee representatives about proposed
closure of recycled container board mill in Ceske Budejovice, Czech Republic

Mondi confirms that it completed the transaction to acquire Duropack’s operations on 5
November 2012.

Mondi further confirms that it has entered into consultations with employees and their
representatives about the proposed closure of the one hundred thousand tonne recycled
containerboard mill in Ceske Budejovice, Czech Republic. The decision comes as a
result of deteriorating market conditions in the European containerboard market and
increased competition which has impacted the mill’s ability to remain competitive. Total
closure costs are estimated to be under €3m.

The Group’s strategy is to focus on further developing its leading market position in
corrugated packaging in the Czech Republic and emerging Europe.

Mondi will take all reasonable action to support affected employees including providing
an outplacement programme and will keep employees, customers and other
stakeholders informed of the process.

/ends


Contact:
Lora Rossler
Group Corporate Affairs Manager
Tel: +27 836270292,
Email: lora.rossler@mondigroup.co.za

or

Albert Klinkhammer
Marketing Communications Director
Tel: +43 (0)1 79013 4056, Fax: +43 (0)1 79013 948
Email: Albert.Klinkhammer@mondigroup.com


About Mondi

Mondi is an international packaging and paper Group, with production operations across
29 countries and revenues of EUR5.7 billion in 2011. The Group's key operations are
located in central Europe, Russia and South Africa and as at the end of 2011, Mondi
Group employed 23,400 people.

Mondi Group is fully integrated across the paper and packaging process, from the
growing of wood and the manufacture of pulp and paper (including recycled paper), to
the conversion of packaging paper into corrugated packaging, industrial bags and
coatings.

The Group is principally involved in the manufacture of packaging paper, converted
packaging products and uncoated fine paper (UFP).

Mondi Group has a dual listed company structure, with a primary listing on the JSE
Limited for Mondi Limited under the ticker code MND and a premium listing on the
London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group has
been recognised for its sustainability through its inclusion in the FTSE4Good Global,
European and UK Index Series (since 2008) and the JSE's Socially Responsible
Investment (SRI) Index since 2007. The Group was also included in the FTSE350
Carbon Disclosure Leadership Index for the second year.




Sponsor in South Africa: UBS South Africa (Pty) Ltd

Date: 19/11/2012 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story