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2007-11-29 00:00:00
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Mondi Group ('Mondi') is pleased to announce that it has signed the delivery contract with Metso for a new lightweight recycled containerboard machine with a production capacity of up to 470,000 tonnes a year.
The signing of the contract is the latest stage in the project announced earlier in 2007 to invest in a new lightweight recycled containerboard machine in Emerging Europe.
Subject to agreement on the level of available governmental support, the machine is expected to be sited either at the Ĺwiecie mill in Poland or at the Steti mill in thehttp://www.ceeindustrial.com/en/country/profile/id/14 If it is decided to locate the machine at Ĺwiecie, it is planned that it will be owned and operated by Mondi Packaging Paper Ĺwiecie S.A., a 66 per cent held subsidiary.
The project will also include a new corrugated box plant with a capacity of up to 250 million m2 per annum board production. The total investment is estimated at €350m and the project is due for completion in June 2009.
The new machine is expected to be the clear cost leader in Europe, combining the benefits of the low operating cost environment in Emerging Europe with the synergy benefits that come from utilising the infrastructure of an existing mill and supporting sales and distribution structures. Furthermore, it will offer exposure to the high growth lightweight containerboard segment, supported by the fast growing manufacturing sector in Emerging Europe. |
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