7th Dec 2007 07:00
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.
7 December 2007
Mondi Syktyvkar project to go ahead
Following the settlement of a number of major conditions including conversion of forestry rights, Mondi will now execute its ¢â€š¬525m project to modernize and expand the Syktyvkar pulp and paper mill in the Komi Republic in Russia. All main equipment contracts have been agreed and construction is to commence in April 2008, with completion scheduled by the end of 2010.
The project will enhance Syktyvkar's low cost position, with the additional volume of Uncoated Fine Paper and Containerboard being supplied to the high growth domestic Russian market.
For further information contact:
Financial DynamicsRichard Mountain+44 (0) 207 269 7121+44 (0) 7909 68 44 66 (m)Mondi GroupPaul Hollingworth+44 (0) 1932 826326About 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.
MONDI PLCRelated Shares:
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