Mondi to shut down PM 1 at its Lohja specialty kraft paper mill in Finland, effective June 30, 2015

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Mondi to shut down PM 1 at its Lohja specialty kraft paper mill in Finland, effective June 30, 2015

August 26, 2014 - 21:08

VIENNA, Austria, Aug. 27, 2014 (Press Release) -Mondi confirms that on 21 August 2014 it has informed its employee representatives about the planned shutdown of paper machine one at its Lohja mill in Finland effective approximately 30 June 2015. The consultation process with all the mill´s employees will start immediately. Mondi´s Lohja mill currently employs some 170 people and a maximum of 75 employees are estimated to be affected by this restructuring. Customers and employees will be kept informed throughout the process. Mondi Lohja produces coated and uncoated speciality kraft papers for the release liner and release base markets, the medical, food packaging and food service markets.

About Mondi

Mondi is an international packaging and paper Group, employing around 26,000 people in production facilities across 31 countries. In 2013, Mondi had revenues of €6.5 billion and a ROCE of 15.3%. The Group's key operations are located in central Europe, Russia, the Americas and South Africa.

The Mondi Group is fully integrated across the packaging and paper value chain - from the management of its own forests and the production of pulp and paper (packaging paper and uncoated fine paper), to the conversion of packaging paper into corrugated packaging, industrial bags, extrusion coatings and release liner. Mondi is also a supplier of innovative consumer packaging solutions, advanced films and hygiene products components.

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group's performance, and the responsible approach it takes to good business practice, has been recognised by its inclusion in the FTSE4Good Global, European and UK Index Series (since 2008) and the JSE's Socially Responsible Investment (SRI) Index since 2007.