MONDI PLC - Mondi to acquire Duino mill

Mondi to acquire Duino mill

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI         ISIN: GB00B1CRLC47
JSE share code: MNP

16 August 2022

Mondi to acquire Duino mill

Mondi plc (‘Mondi’) has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo
Group for a total consideration of €40 million. The mill currently operates one paper machine
producing lightweight coated mechanical paper. Mondi plans to convert this paper machine to
produce around 420,000 tonnes per annum of high-quality recycled containerboard for an
estimated investment of around €200 million.
Close to two important export harbours, Duino is ideally located to supply the Group’s
Corrugated Solutions plants in Central Europe and Turkey as well as to serve the growing
local Italian market. The containerboard machine will strengthen backward integration in
Corrugated Packaging and provide us with security of supply to better serve our customers.
Commenting on the acquisition, Andrew King, Group CEO of Mondi, said: “We are excited by
this opportunity to invest in the growth of our packaging business, build on our integrated
platform and broaden our geographic reach.”
The acquisition is subject to competition clearance and other closing conditions and
completion is expected in the second half of the year.

Enquiries
Investors/analysts:
Clara Valera                                                  +44 193 282 6357
Mondi Group Head of Strategy and Investor Relations

Media:
Kerry Cooper                                                  +44 788 145 5806
Group Communication Director

Richard Mountain (FTI Consulting)                             +44 790 968 4466

About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by making
innovative solutions that are sustainable by design. Our business is integrated across the
value chain – from managing forests and producing pulp, paper and films, to developing and
manufacturing sustainable consumer and industrial packaging solutions using paper where
possible, plastic when useful. Sustainability is at the centre of our strategy, with our ambitious
commitments to 2030 focused on circular driven solutions, created by empowered people,
taking action on climate.
In 2021, Mondi had revenues of €7.0 billion and underlying EBITDA of €1.2 billion from
continuing operations, and employed 21,000 people worldwide. Mondi has a premium listing
on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also
has a secondary listing on the JSE Limited (MNP).
mondigroup.com
Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities.

Date: 16-08-2022 10:00:00
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