Last checked at 6 Nov 2019 07:00
MONDI PLC - Mondi investor site visit to StetiMONDI PLC - Mondi investor site visit to Steti
PR Newswire
London, November 5
Mondi plc(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP
6 November 2019
Mondi investor site visit to Steti
World-class manufacturing and packaging solutions that are sustainable by design
Mondi is hosting an investor site visit today at our Steti operation in the Czech Republic. The day will include a series of short presentations from senior executives, including a strategic update from Group CEO Peter Oswald focusing on the role sustainability and digitalisation play in accelerating progress across the group’s strategic value drivers. Guests will hear about Mondi’s approach to help our customers make the transition to more sustainable packaging with innovative solutions using paper where possible, plastic when useful. Mondi experts will present product case studies such as PerFORMing (recyclable food trays using up to 80% less plastic and reducing carbon footprint by 70%); DelightBox (lightweight 100% recycled containerboard box replacing plastic bags); and recyclable consumer flexible solutions.
Guests will also visit our world-class, integrated cost-advantaged Steti pulp and paper mill, with capacity of around 700ktpa. Since Mondi acquired the mill in 2000, production has increased by 50% and productivity has more than doubled, while greenhouse gas emissions have been halved. The recently completed €376 million woodyard and mill infrastructure modernisation is delivering key benefits in scale, efficiency and quality.
Mondi continues to deliver an industry leading performance. Sustainability is at the core of Mondi’s strategy to drive value-accretive growth, and we are well positioned as a leading packaging producer with innovation capabilities across paper and plastics.
Mondi Group CEO Peter Oswald said, “Mondi’s industry leading margins and returns are a consequence of our inherent competitive advantages. We are investing in our relationships, our assets with cost-advantage, digitalisation and product development to drive growth sustainably into the future. Today we will remind investors that Mondi has a long tradition of sustainable solutions and show how our teams are actively engaging with key stakeholders to develop innovative products that are sustainable by design, prioritising customer needs and the planet using our replace, reduce, recycle approach.”
No material new information, forward looking financial information nor update on trading will be provided. The event will be webcast live from 8:30 UK time at www.mondigroup.com/investorvisit19.
Contact details:
| Mondi Group | |
| Andrew King Group CFO | +44 193 282 6321 |
| Clara Valera Group Head of Strategy and Investor Relations | +44 193 282 6357 |
| Kerry Cooper Senior Manager – External Communication | +44 193 282 6323 |
| FTI Consulting | |
| Richard Mountain | +44 790 968 4466 |
About Mondi
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative packaging and paper solutions that are sustainable by design. Our business 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 we do. In 2018, Mondi had revenues of €7.48 billion and underlying EBITDA of €1.76 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.
Sponsor in South Africa: UBS South Africa Proprietary Limited.