Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired the paper bag converting lines from National Bag and Egypt Sack, two subsidiaries of Lafarge Cement Egypt, a major cement producer in the country. The acquired production lines will increase Mondi’s capacity by around 150-180 million bags annually and strengthen Mondi's position in the Egyptian paper bag market.
Mondi Paper Bags already operates two plants in Egypt and with this acquisition will become a key supplier of paper bags to Lafarge Cement Egypt.
Lafarge Cement Egypt is part of leading global building material company Holcim Group who has been a key global customer of Mondi Paper Bags for years. We are excited to have signed a long-term supply agreement with Lafarge Cement Egypt and to servicing them locally in Egypt. The collaboration will offer Lafarge access to our latest innovations, industry expertise, strong plant network and customer service. Thanks to Mondi’s vertical integration, Lafarge will further benefit from our high quality Kraft paper.
“We are pleased to now expand Holcim's and Mondi's global and long-standing cooperation also to Egypt and are looking forward to jointly serving the building industry in the region,” said Solomon Baumgartner Aviles, CEO, Lafarge Cement Egypt.
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 2021, Mondi had revenues of €7.7 billion and underlying EBITDA of €1.5 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.
About Mondi Paper Bags
Mondi Paper Bags is part of Mondi’s Business Unit Flexible Packaging, and a global player with capacity of around 6 billion bags, and the leading industrial paper bag producer in Europe. Thanks to our broad range of bag specifications, Mondi Paper Bags serves major industries including cement and building materials, chemicals, food, feed and seed and e-commerce. We offer a comprehensive portfolio of industrial bags not only optimised for high-speed filling lines, but also high-end solutions for chemical, hygiene and food contact, and innovative packaging solutions for the growing e-commerce and logistics market. The specialised bag filling equipment department Natro Tech is an additional service for our customers, as well as the in-house Bag Application Centre, where innovative packaging solutions are tested. Committed to producing products that are sustainable by design, we act globally with around 40 plants, and have an extensive operations, sales, and service network spanning five continents.