Mondi inks deal for Canadian pulp mill, plans R8.2bn spend | Business

📆 10/07/2023 19:30:00
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Packaging and paper group Mondi said on Monday it had reached a $5 million (R94 million) deal to acquire a pulp mill in Canada. | News24_Business

€400 million spend on a new kraft paper machine at its flagship mill in Czechia.

"Strategically, we are focused on investing to support the growing market demand for our sustainable packaging products, while delivering attractive mid-teen returns through cycle," said CEO Andrew King in a statement.

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