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Mondi Packaging Paper to Install New Lightweight Recycled Containerboard Machine in Poland
Richards Bay, South Africa, 18 January 2008 -- Mondi Packaging Paper today confirmed that it will install a new lightweight recycled containerboard machine at the Świecie mill in Poland.

The supervisory board of Mondi Packaging Paper Świecie S.A. approved the release of EUR 305 million for the investment in a new PM7 on 30 January 2008. The new paper machine's capacity will be approximately 470,000 tons per year of lightweight recycled containerboard.

Mondi Group also decided to invest EUR 45 million in Świecie in a new corrugator, including converting. The new corrugator capacity is estimated to be 250 million square meters. This corrugator will consume significant volumes of recycled testliner and fluting.

About Mondi Group

Mondi is a global paper and packaging group founded in South Africa in 1967. Its key operations and interests are in Europe and South Africa. It is principally involved in the manufacture of packaging paper, converted packaging products (including corrugated packaging, industrial bags, and speciality packaging products), and uncoated fine 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 speciality packaging business focused on the production of release liner, extrusion coating, and consumer flexibles products.

Mondi has production operations in 113 locations across 35 countries and approximately 33,000 employees. In 2006 it had revenues of EUR 5.751 billion.


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