MND MNP
MND MNP
MND / MNP - Mondi Syktyvkar project to go ahead
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND & ISIN: ZAE000097051
Mondi plc
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP & ISIN: GB00B1CRLC47
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 listings requirements
and/or the Disclosure and Transparency and Listing Rules of the United Kingdom
Listing Authority.
7 December 2007
Mondi Syktyvkar project to go ahead
Following the settlement of a number of major conditions including conversion of
forestry rights, Mondi will now execute its Euro525m project to modernize and
expand the Syktyvkar pulp and paper mill in the Komi Republic in Russia. All
main equipment contracts have been agreed and construction is to commence in
April 2008, with completion scheduled by the end of 2010.
The project will enhance Syktyvkar`s low cost position, with the additional
volume of Uncoated Fine Paper and Containerboard being supplied to the high
growth domestic Russian market.
For further information contact:
Financial Dynamics
Richard Mountain
+44 (0) 207 269 7121
+44 (0) 7909 68 44 66 (m)
Mondi Group
Paul Hollingworth
+44 (0) 1932 826326
About Mondi
Mondi is an integrated paper and packaging group founded in South Africa in
1967. In 2006 it had revenues of Euro 5.751 billion. Its key operations and
interests are in Western Europe, Emerging Europe and South Africa. Mondi is
principally involved in the manufacture of packaging paper, converted packaging
products (including corrugated packaging, bags and flexible packaging) and
office paper.
Mondi is integrated across the paper and packaging production process from the
growing of wood for pulp production and the manufacture of pulp and paper to the
conversion of packaging papers into corrugated packaging and industrial bags.
It also has a growing flexibles business focused on the production of release
liner, extrusion coating and consumer flexibles products. Mondi has production
operations in 112 locations across 34 countries and averaged approximately
34,000 employees in 2006.
Date: 07/12/2007 09:00:56 Produced by the JSE SENS Department.
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