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Update on Mondi’s investment in new 300,000 tonne kraft top white machine in Slovakia
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)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
15 October 2018
As part of the dual listed company structure, Mondi Limited and Mondi plc (together ‘Mondi Group’ or ‘Mondi’)
notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the
Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency and Listing
Rules of the United Kingdom Listing Authority.
Update on Mondi’s investment in new 300,000 tonne kraft top white machine in Slovakia
Having recently obtained the necessary permitting, Mondi is proceeding with the investment in a new
300,000 tonne per annum kraft top white machine at Ruzomberok (Slovakia), with start-up expected towards
the end of 2020.
Commenting on the project, Mondi Group CEO Peter Oswald said, “This investment provides an exciting
opportunity for Mondi to leverage our cost advantaged mill in Slovakia to complement our portfolio and serve
a growing market with innovative and sustainable containerboard solutions.”
The machine will produce a new and unique environmentally sound containerboard grade, kraft top white,
which combines the strength, printability and appearance benefits of a white virgin fibre top layer with the
economic advantages of a recycled fibre bottom layer. Its access to integrated bleached hardwood pulp
production, scale and location benefits due to its brownfield nature will provide this machine a cost
advantage difficult to replicate. Kraft top white will target the growing white top liner markets for applications
such as shelf-ready packaging, point of sale displays, customised packaging, e-commerce, consumer
durables and other specialised applications.
The related pulp mill upgrade at the same site is progressing according to plan with start-up expected in late
2019. This upgrade will debottleneck pulp production by 100,000 tonnes per annum, which will be integrated
into the containerboard production once the new machine ramps up.
The total project cost has been revised to €340 million (up from €310 million), as a result of refinements to
the machine’s technical concept and higher construction costs since the project was initially scoped. Group
capital expenditure continues to be in line with our previous estimate of €700-800 million per annum in 2018
and 2019.
Contact details:
Mondi Group
Andrew King +44 193 282 6321
Group CFO
Clara Valera +44 193 282 6357
Group Head of Strategy and Investor Relations
Kerry Cooper +44 193 282 6323
Senior Manager – External Communication
About Mondi
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative
and sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper
value chain - from managing forests and producing pulp, paper and plastic films, to developing and
manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in
everything Mondi does. In 2017, Mondi had revenues of €7.10 billion and underlying EBITDA of €1.48 billion.
Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under
the ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI.
Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and
the FTSE/JSE Responsible Investment Index Series since 2007.
Sponsor in South Africa: UBS South Africa Proprietary Limited.
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