Multinational paper and packaging firm Mondi has announced a €280m ($307.5m) investment to boost its corrugated packaging production across four countries.
The company will invest around €185m of the total capital across its central and eastern European corrugated plant network.
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By GlobalDataThe remaining €95m has been allocated for its containerboard mill in Świecie, Poland.
Mondi will rebuild paper machines PM2 and PM5 and install an anaerobic treatment plant, which will feature an integrated cooling system, at the Świecie facility.
The company will also upgrade the facility’s pulp mill, the recycled fibre line and the energy recovery system.
In Poland, Mondi will expand the capacity of its Warsaw plant by adding machinery and automation.
The company will also expand its corrugated solution production in Germany and the Czech Republic.
In addition, Mondi will invest in several of its sites in Turkey, including its facilities in Gebze, Bursa, Izmir and Mondi Tire Kutsan Karaman.
Mondi corrugated packaging CEO Markus Gärtner said: “Sustainability is at the heart of Mondi’s strategy.
“Ongoing investment in our Corrugated Packaging business supports our MAP2030 commitments around circular-driven packaging and paper solutions, created by empowered people taking action on climate.
“Together with our suppliers, we are further optimising our production processes to use resources more responsibly, minimise our environmental footprint and contribute to a better world.
“At the same time, customers benefit from enhanced product quality and shorter lead times, while our employees enjoy exciting job opportunities, operating state-of-the-art machinery with world-class safety standards.”
The investment is intended to improve Mondi’s overall production and warehouse capacity while allowing the company to better serve its customers by optimising automation and internal material flows.
It is in line with the company’s €1bn expansionary capital investment projects to expedite its sustainable packaging growth.
Earlier this month, Mondi opened an advanced flexo printing line at its plant in Gronau, Germany.
