Vienna, Austria 21 November 2018 -- Mondi plans to further invest in its Corrugated Packaging facility in Bupak, Czech Republic, which has already benefitted from significant investments in recent years. Once completed, the upgrade will make the Czech production facility another flagship plant for Mondi Group's corrugated board segment.
"The digital transformation is rapidly changing society, and the way we consume. The rise of e-commerce in particular has radically transformed the packaging industry. Driven by a growing consumer demand, the competitive Czech market calls for a strong footprint in corrugated packaging," Armand Schoonbrood, COO Mondi Corrugated Packaging, says. "After investing in our Central and Eastern European facilities Mondi Świecie and Mondi Simet in the recent past, the expansion of our Czech capabilities is simply the next logical step."
Partner with customers for innovation
The €30 million investment - scheduled for completion in 2020 - includes the installation of a state-of-the-art corrugator in response to customers' calls for more innovative and efficient packaging solutions. Mondi Corrugated Packaging currently stands out for winning numerous packaging innovation awards in 2018. "We want to continue this trend and work with our customers to challenge their existing packaging and find more innovative, cost-efficient and sustainable solutions," Schoonbrood says.
Mondi Bupak will mainly focus on e-commerce customers, so the plan is to also set up a customer experience centre. A team of dedicated design experts will offer tailored consultancy services to customer, including high-quality simulations of the entire value chain: from paper to board, from board to box, and from box to transport. Armand Schoonbrood explains: "This investment will enable Mondi Bupak to deliver solutions for every packaging 2 challenge our customers could possibly face and will make it the first port-of-call for ecommerce customers in the Czech, German and Austrian markets. By investing in our production facility today, we start perfecting the packaging of tomorrow."
The investment will double the the plant's production capacity, aiming to produce over 200 million sqm of corrugated board per year.
About Mondi Corrugated Packaging
Mondi Corrugated Packaging is a business segment of Mondi Group and a leading supplier of corrugated packaging in Europe, with strong focus on Central and South-East Europe. Through a network of 16 plants the company provides innovative design and state-of-the-art printing and gluing technology. The packaging types range from standard transit cases and heavy duty containers to upscale consumer displays. They are applied as shelf- or retailready solutions, transport cases or large containers when shipping FMCG's, perishables, industrial and dangerous goods as well as other products.
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in everything Mondi does. In 2017, Mondi had revenues of €7.10 billion and underlying EBITDA of €1.48 billion.
Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI. 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.