May 11, 2022
(press release)
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Mondi, a global leader in sustainable packaging and paper, continues to make progress on its previously announced €125 million investment to expand and upgrade its Kuopio mill in Finland with expected start-up by the fourth quarter of 2023. This morning, regional and local officials joined Mondi’s Group CEO and other senior leaders at a ground-breaking ceremony to celebrate this major upgrade of the semi-chemical fluting mill. Thanks to the best technology available, production capacity will increase by 55,000 tonnes per annum and product quality will be enhanced to better serve growing customer demand. The long-term sustainability of the mill will also be considerably improved, further consolidating its place in the community. Andrew King, Mondi Group CEO We are delighted with the investment in the future of this competitive and cost-advantaged asset. Over 18% of Finland’s exports come from the forestry and paper industry, and we are proud to be a growing part of that. Our site provides jobs for 240 people – value-added jobs involving a wide range of skills and with the potential for upward mobility. Juha Koukka, Managing Director of Mondi Kuopio The investment in Kuopio further improves Mondi’s local environmental performance and contributes to the Group’s ambitious plans to take action on climate as part of its MAP2030 sustainability commitments. The state-of-the-art equipment and process improvements will reduce noise and odour emissions as well as effluent emissions per unit of production. It will also mitigate wood loss in processing, boost energy efficiency and enhance occupational safety. From left: Markus Gärtner, CEO Corrugated Packaging Mondi Group; Elsi Katainen Member of The European Parliament; As a reference, recent publications about Kuopio investment: Mondi to upgrade and expand Kuopio mill in Finland Mondi accelerates sustainable growth plans with €280 million investment in Corrugated Packaging About Mondi Mondi is a global leader in packaging and paper, contributing to a better world by making innovative packaging and paper solutions that are sustainable by design. Our business is integrated across the value chain – from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is at the centre of our strategy and intrinsic in the way we do business. We lead the industry with our customer-centric approach, EcoSolutions, where we ask the right questions to find the most sustainable solution. In 2021, Mondi had revenues of €7.7 billion and underlying EBITDA of €1.5 billion. Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the JSE Limited (MNP). Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.
Juha Koukka MD Mondi Powerflute Oy; Jarmo Pirhonen Mayor of Kuopio; Andrew King, Mondi Group CEO
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