Skip to main content

Mondi to acquire Duino mill

Published by
Dry Bulk,


Mondi plc 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 tpy of high-quality recycled container-board 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.

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.”

Read the article online at: https://www.drybulkmagazine.com/material-handling/18082022/mondi-to-acquire-duino-mill/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Dry bulk equipment news European dry bulk news