Mondi inks deal for Canadian pulp mill, plans R8.2bn spend

The original article can be found here.

Article highlights:

  • Mondi has reached a $5 million (R94 million) deal to acquire a pulp mill in Canada.
  • Mondi is also planning to spend €400 million (about R8.2 billion) on expanding the operation to meet growing demand for paper-based packaging in the Americas.
  • Mondi is the world’s largest producer of kraft paper, which is widely used in, among other things, packaging for food products and for shipping items.