31st Jan 2008 07:37
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
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 listings requirements and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority.
31 January 2008
New lightweight recycled containerboard machine
Pursuant to the announcement released on 18 September 2007, it is confirmed that the new lightweight recycled containerboard machine will be situated at the ...¡wiecie mill in Poland. The following was released by Mondi Packaging Paper ...¡wiecie S.A. to the Warsaw Stock Exchange earlier today:
"The Management Board of Mondi Packaging Paper ...¡wiecie S.A. hereby informs that the Supervisory Board approval of releasing EUR 305 million for the investment in a new PM7 was obtained on 30 January 2008.
The Management Board of the Company has already informed about the inclusion of the Company's area into the Pomorska Special Economic Zone and the planned purchase of land for new investment purposes as well as about being granted the permit to run business in the Zone on 20 December, 2007.
The approval of the Supervisory Board is the last stage of acceptance process for the new investment in ...¡wiecie.
The new paper machine capacity will be approx. 470 thousand tones per year and it will be designed to manufacture light weight recycled containerboard (Current reports 10/2007, 37/2007, 40/2007, 42/2007).
Furthermore, Mondi Group decided to invest EUR 45 million in ...¡wiecie in a new corrugator including converting. The new corrugator capacity is estimated to be 250 million m2. This corrugator will consume significant volumes of recycled testliner and fluting."
For further information, please contact:
Mondi Group
Lisa Attenborough + 44 (0) 1932 826380
Mondi Europe and International Division
Wolfgang BrunnerPhone: +43 1 795 29 4983About Mondi
Mondi is an integrated paper and packaging group founded in South Africa in 1967. In 2006 it had revenues of ¢â€š¬5.751 billion. Its key operations and interests are in Western Europe, Emerging Europe and South Africa. Mondi is principally involved in the manufacture of packaging paper, converted packaging products (including corrugated packaging, bags and flexible packaging) and office paper.
Mondi is integrated across the paper and packaging production process from the growing of wood for pulp production and the manufacture of pulp and paper to the conversion of packaging papers into corrugated packaging and industrial bags. It also has a growing flexibles business focused on the production of release liner, extrusion coating and consumer flexibles products. Mondi has production operations in 112 locations across 34 countries and averaged approximately 34,000 employees in 2006.
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