| Wed 22 Sep 2010, 12:30 | | MND/MNP - Mondi Limited/Mondi Plc - Mondi successfully commissions STEP project |
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MND MNP
MND MNP
MND/MNP - Mondi Limited/Mondi Plc - Mondi successfully commissions STEP project
at Syktyvkar
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
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.
22 September 2010
Mondi successfully commissions STEP project at Syktyvkar
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.
/ends
Contact
Lora Rossler
Mondi Group
Tel: +27 31 451 2111
Email: lora.rossler@mondigroup.co.za
Chloe Webb
Financial Dynamics
Tel: +27 11 214 2421
Email: chloe.webb@fd.com
Sponsor: UBS South Africa (Pty) Ltd
About Mondi
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.
Date: 22/09/2010 12:30:01 Produced by the JSE SENS Department.
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