Mondi successfully commissions STEP project at SyktyvkarPublication Date:
22 September 2010
Mondi Group confirmed today that it has completed the final phase of modernising its Syktyvkar mill in Russia, following the commissioning of the recovery boiler and rebuilt container board machine this week.
An earlier phase of the project completed during November 2008 saw 60 000 tonnes of uncoated wood free production delivered to the market. Construction of the project commenced in April 2008 and completion has been on schedule.
The modernised mill not only enhances the Group's low cost position, but allows for additional volume of Uncoated Fine Paper and Containerboard to be supplied to the high growth domestic Russian market.
Mondi is an international paper and packaging company, with production operations across 31 countries and revenues of Euro5.3 billion in 2009. The Group's key operations are located in central Europe, Russia and South Africa and employed 31,000 people on average in 2009.
Mondi 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 papers into corrugated packaging and industrial bags.
The Group is principally involved in the manufacture of uncoated fine paper (UFP), packaging paper and converted packaging products, as well as speciality products.
Mondi 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 performance through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008 and 2009 and the JSE's Socially Responsible Investment (SRI) Index in 2007, 2008 and 2009.
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000097051
(Incorporated in England and Wales)
(Registration 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 Listing Requirements and/or the Disclosure and Listing Rules of the United Kingdom Listing Authority.
Last change: 23/09/2010