Packaging and paper group Mondi will convert the Duino magazine paper mill to recycled corrugated case material production.
Mondi has completed the acquisition of the Duino mill in northern Italy from the Burgo Group for a total consideration of €40m. Mondi and Burgo confirmed the finalisation of the deal that was first announced in August last year.
According to Mondi, the company will spend around €200m to convert the mill's paper machine from LWC (lightweight coated mechanical) to recycled containerboard production. Mondi puts the production capacity of the converted PM at 420,000 tpy. The containerboard machine is scheduled for start-up in 2025.
"The mill is ideally located to source paper for recycling, supply Mondi’s corrugated solutions plants in Central Europe and Turkey as well as to serve the growing local Italian market," says Mondi.