
20 Jun 2024
Mondi celebrates completion of €125 million containerboard mill upgrade in Kuopio, Finland
- Mondi has completed a €125 million investment project in its Kuopio mill, which will increase production capacity by 55,000 tonnes per annum while enhancing efficiency and improving environmental performance.
- The modernisation project, aligned with Mondi's MAP2030 sustainability commitments, includes upgrades to the wood yard, fibre line, evaporation plant, and paper machine, producing high-performance semi-chemical fluting.
20 June 2024 – Mondi, a global leader in sustainable packaging and paper, has completed its €125 million investment in the Kuopio containerboard mill. It includes upgrades to the wood yard, fibre line, evaporation plant, and paper machine producing ProVantage Powerflute®, a high-performance fluting predominantly used in fresh fruit and vegetable trays and boxes.
This investment will increase production capacity by 55,000 tonnes per annum, enhance product quality for the benefit of our customers, and improve environmental performance by reducing greenhouse gas emissions per tonne of paper and improving resource and energy efficiency.
Today, Mondi Kuopio marked this milestone with an inauguration event attended by local politicians and partners, highlighting the collaborative efforts and shared vision of Mondi and its stakeholders in fostering economic growth and environmental responsibility.
Andrew King, CEO Mondi Group, remarked, “We are delighted to celebrate the completion of this significant investment and the opportunity it gives us to continue providing high-quality, sustainable products to our customers. It also demonstrates our commitment to supporting economic growth in the region and securing the long-term viability of the Kuopio mill.”
Markus Gärtner, CEO of Mondi Corrugated Packaging, added, “Mondi's purpose is to be sustainable by design, and investments like this support our MAP2030 sustainability commitments around circular-driven packaging and paper solutions, created by empowered people, taking action on climate. The local community will benefit from a modernised mill, including improvements in safety and environmental performance.”
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About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by producing products that are sustainable by design. We employ 22,000 people in more than 30 countries and operate an integrated business with expertise spanning the entire value chain, enabling us to offer our customers a broad range of innovative solutions for consumer and industrial end-use applications. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate.
In 2023, Mondi had revenues of €7.3 billion and underlying EBITDA of €1.2 billion. Mondi has a premium listing on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).
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