Mondi celebrates 50 years of its Syktyvkar mill in Russia and 70 years of Šteti mill in Czech Republic

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Mondi celebrates 50 years of its Syktyvkar mill in Russia and 70 years of Šteti mill in Czech Republic

July 09, 2019 - 12:53
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VIENNA, Austria, July 9, 2019 (Press Release) -Mondi, a leading global packaging and paper group, celebrates two key milestones in the art of paper-making this year: 50 years for Mondi Syktyvkar in Russia and 70 years for Mondi Štětí in the Czech Republic. Both paper mills have enjoyed significant investment over the past decade with a combined spend of over €1.4 billion on completed and ongoing expansion and modernisation projects. This is a strong validation of Mondi’s commitment to ensuring these historic mills maintain their competitiveness and continue to contribute to their local communities for many years to come. As the biggest employer in both regions, Mondi knows that the social, economic and environmental health of local communities plays an important role in the Group’s success.

Around 4,700 people work at the Syktyvkar mill in the Komi Republic and in addition to being an employer of choice, the mill provides essential services to the community too. Mondi’s onsite power-plant delivers around 20% of the regional electricity demand and its waste-water treatment plant processes over 80 million cubic metres of water annually, including 100% of municipal waste-water. According to the first deputy chairman of the government of the Komi Republic Mikhail Poryadin, “The people of Syktyvkar highly appreciate Mondi’s contribution to the development of the region. We are proud to have such a responsible partner and strong employer in Komi”.

Mondi Štětí is the largest paper mill in the Czech Republic, employing about 850 people. Since joining the Mondi Group in 2000, the mill has undergone significant investments and improvements, increasing production by 50%, enhancing the product mix, and reducing its environmental footprint including now being 100% electricity self-sufficient. The recent €335 million modernisation project, commissioned at the end of 2018, cements Štětí’s position as one of the leading speciality and sack kraft paper mills in the world. “Mondi is celebrating 70 years of papermaking tradition, and is a proud patron of our region. Mondi’s support of the community and the volunteer work done by its employees help to make Štětí a great place to live.” said Tomáš Ryšánek, the Mayor of Štětí.

Russia and Czech Republic make up 25% of Mondi’s total workforce and the recent investments in both sites ensure the business can optimise its production footprint and continue as a global industry leader in sustainable packaging and paper.

Peter Oswald, Mondi Group CEO commented, “I’m very proud of our successful Mondi Syktyvkar and Mondi Štětí mills. Their world-class operational performance, commitment to minimising environmental impact, and their excellent teams continue to play an important role in Mondi’s growth story. The sustainability trend of paper replacing plastic continues to gather momentum and both mills are well positioned to benefit from the interesting value accretive growth options this will create for many years to come. I am looking forward to celebrating many more key milestones together!”

About Mondi

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 2018, Mondi had revenues of €7.48 billion and underlying EBITDA of €1.76 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.