Mondi : ends production of in-line silicone coated products at Steti, Czech Republic

28 May 2018 - Mondi has announced that it will stop production of in-line silicone coated products at its facility in Steti, Czech Republic. The Group rebuilt one of its paper machines at Steti with an in-line coating extension, an innovative process technology. Despite the progress achieved to date, the improvements do not outweigh the increased technical challenges and process complexity and the rebuilt machine cannot sustainably deliver the required project benefits.

Consequently, Mondi has decided to phase-out in-line silicone coating at Steti, while continuing to produce speciality kraft paper. Some of the affected employees will be offered positions in Steti to support the growth related to the mill's modernisation, which includes a new recovery boiler, rebuilt fibre lines and debottlenecking existing packaging paper machines, with start-up planned at end of 2018. For the employees whom Mondi cannot offer a new position, the company is committed to supporting them during this difficult process.

Mondi remains committed to the production of release liner and continues to invest in its global production network. The customers now served from Steti will be consulted on how they can be served by other Mondi release liner plants going forward. Mondi will be in contact with all affected customers to align on an exact transfer plan.

Jennifer Buley, Senior Communications Manager, Mondi Group
Tel: +43 1 7901 34508
Email: jennifer.buley@mondigroup.com

Stijn De Wit, Head of Marketing and Communications, Mondi Consumer Packaging
Tel: +43 664 840 7542
Email: stijn.dewit@mondigroup.com

Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions. Mondi 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 Mondi does. In 2017, Mondi had revenues of €7.10 billion and underlying EBITDA of €1.44 billion.

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI. 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.

• Download