| Thu 31 Jan 2008, 9:46 | | MND / MNP - Mondi - New Lightweight Recycled Containerboard Machine |
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MND MNP
MND MNP
MND / MNP - Mondi - New Lightweight Recycled Containerboard Machine
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.
31 January 2008
New lightweight recycled containerboard machine
Pursuant to the announcement released on 18 September 2007, it is confirmed that
the new lightweight recycled containerboard machine will be situated at the
Swiecie mill in Poland. The following was released by Mondi Packaging Paper
Swiecie S.A. to the Warsaw Stock Exchange earlier today:
"The Management Board of Mondi Packaging Paper Swiecie S.A. hereby informs that
the Supervisory Board approval of releasing EUR 305 million for the investment
in a new PM7 was obtained on 30 January 2008.
The Management Board of the Company has already informed about the inclusion of
the Company`s area into the Pomorska Special Economic Zone and the planned
purchase of land for new investment purposes as well as about being granted the
permit to run business in the Zone on 20 December, 2007.
The approval of the Supervisory Board is the last stage of acceptance process
for the new investment in Swiecie.
The new paper machine capacity will be approx. 470 thousand tones per year and
it will be designed to manufacture light weight recycled containerboard (Current
reports 10/2007, 37/2007, 40/2007, 42/2007).
Furthermore, Mondi Group decided to invest EUR 45 million in Swiecie in a new
corrugator including converting. The new corrugator capacity is estimated to be
250 million m2. This corrugator will consume significant volumes of recycled
testliner and fluting."
For further information, please contact:
Mondi Group
Lisa Attenborough + 44 (0) 1932 826380
Mondi Europe and International Division
Wolfgang Brunner
Phone: +43 1 795 29 4983
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: 31/01/2008 09:46:51 Produced by the JSE SENS Department.
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