The investment is geared towards meeting rising packaging demand within the FMCG, e-commerce and industrial market sectors.
Paper and packaging manufacturer Mondi announced an extensive investment programme to expand and upgrade its corrugated case material, corrugated board and packaging facilities across Europe.
A total of €280m is to be invested in expanding capacity and increasing efficiency, in Poland, the Czech Republic, Germany and Turkey, of which €95m is earmarked for the Polish site in Świecie alone.
These investments are reportedly an important part of Mondi's €1bn capacity expansionary capital investment projects planned for this year in order to accelerate growth in paper-based packaging, especially in the e-commerce business. "European demand for corrugated packaging is expected to grow by 2 - 4 per cent per year in the medium term," says Mondi.
What is more, the expansion and upgrade of the Kuopio semi-chemicalfluting (SC fluting) in Finland remains on track. The €125m Capex project, which was announced last year, includes an upgrade of the wood yard, fibre line, evaporation plant and paper machine, with start-up planned for the fourth quarter of 2023.
EUWID Pulp and Paper keeps busy professionals up-to-date on the latest news from international pulp and paper markets.
Test EUWID Pulp and Paper free of charge or consider subscribing to our print and digital products for full access to company news and market reports.