12 November 2024
Mondi invests €1.2 billion in organic growth projects, Acquisitions continue to be a key part of investment strategy
Mondi is investing €1.2 billion in organic growth projects, focusing on expanding its packaging businesses. Despite a challenging global economy, the company is progressing on key projects, including increasing kraft paper capacity in the Czech Republic and expanding containerboard production in Finland and Poland. Acquisitions remain a key strategy, with the recent purchase of the Hinton Pulp mill in Canada to strengthen its North American operations. While 2023 saw lower EBITDA due to market softness, Mondi expects these investments to drive growth and profitability in the coming years.