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Mondi to upgrade and expand Kuopio mill in Finland
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP
23 June 2021
Mondi to upgrade and expand Kuopio mill in Finland
Mondi, a global leader in sustainable packaging and paper, has approved a €125 million
capital investment project at its semi-chemical fluting mill in Kuopio, Finland. This investment
will increase the facility’s capacity by around 55 thousand tonnes per annum 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. Start-up is planned for the fourth quarter of 2023.
ProVantage Powerflute®, the semi-chemical fluting produced at the mill, is a high performance
and top quality containerboard grade. Due to its high strength, moisture resistance and
durability, it is a key component of fresh fruit and vegetable trays and boxes as well as
specialised applications. Fit-for-purpose packaging plays an important role in protecting fresh
produce, which is vital considering approximately a third of the world’s food is lost or wasted
every year. ProVantage Powerflute® is ideally placed to meet the growing demand for paper-
based fresh food packaging solutions that are sustainable by design, thereby minimising food
waste and reducing the use of unnecessary plastic.
Andrew King, Group CEO commented: “We are pleased to continue building our portfolio of
sustainable packaging to meet our customers’ needs, leveraging the opportunities offered by
our integrated, cost-advantaged asset base.”
Contact details:
Mondi Group
Clara Valera +44 1932 826 357
Group Head of Strategy and Investor Relations
Suvra Jans +44 1932 826 333
Senior Media Relations Manager
About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by making
innovative packaging and paper solutions that are sustainable by design. Our business is
integrated across the value chain – from managing forests and producing pulp, paper and
plastic films, to developing and manufacturing effective industrial and consumer packaging
solutions. Sustainability is at the centre of our strategy and intrinsic in the way we do business.
We lead the industry with our customer-centric approach, EcoSolutions, where we ask the
right questions to find the most sustainable solution. In 2020, Mondi had revenues of €6.66
billion and underlying EBITDA of €1.35 billion.
Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing
on the JSE Limited (MNP). 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.
Date: 23-06-2021 08:00:00
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