03 November 2015
No material new information other than as detailed below, forward looking financial information or update on trading will be provided. All presentations can be downloaded from the Group’s website later today, with video recordings available during the course of the day on Friday 6 November.
Update on major capital projects under evaluation
In August it was announced that the Group was continuing to assess opportunities for value-enhancing growth and cost optimisation through further major capital investments, centred on the Group’s high-quality, low-cost packaging paper assets in central Europe.
One option currently being evaluated involves the expansion of the Ruzomberok mill in Slovakia’s packaging paper production capacity through the installation of a 300,000 tonne per annum containerboard machine to produce a new product, kraft top white, as well as debottlenecking of the pulp mill. The project under consideration will not impact the mill’s existing paper machines.
Also under consideration is the expansion of the Steti mill, located in the Czech Republic, through debottlenecking and optimisation of the existing operations, including a new recovery boiler to increase energy self-sufficiency.
In addition, installation of a 90,000 tonne per annum kraft paper machine producing machine glazed paper is under consideration, to be located at one of the Group’s central European operations offering integrated pulp capacity.
The above projects have not yet been approved with final decisions expected in 2016.
Mondi is an international packaging and paper Group, employing around 25,000 people across more than 30 countries. Our key operations are located in central Europe, Russia, North America and South Africa. We offer over 100 packaging and paper products, customised into more than 100,000 different solutions for customers and end consumers. In 2014, Mondi had revenues of €6.4 billion and a return on capital employed of 17.2%.
The Mondi Group is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and compound plastics, to developing effective and innovative industrial and consumer packaging solutions. Our innovative technologies and products can be found in a variety of applications including hygiene components, stand-up pouches, super-strong cement bags, clever retail boxes and office paper. Our key customers are in industries such as automotive; building and construction; chemicals; food and beverage; home and personal care; medical and pharmaceutical; packaging and paper converting; pet care; and office and professional printing.
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.
For us, sustainable development makes good business sense. We don’t just talk about sustainability; we make it part of the way we work every day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
(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” 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 Rules and Transparency Rules and/or the Listing Rules of the United Kingdom Listing Authority.