MEXICO CITY, Mexico, May 29, 2017 (Press Release) -Grupo Gondi, one of the leading Mexican companies operating in the paper and packaging industry, is announcing plans to build a state-of-the-art recycled lightweight containerboard paper mill in Mexico.
The new paper mill will have the capacity to produce over 350,000 metric tons per year of containerboard and will provide reliable, high-quality medium and linerboard for Gondi’s converting operations and third parties.
“We are pleased to invest in this new manufacturing facility, which will help us enhance our service and position in the growing packaging market in Mexico. After completion, Grupo Gondi will produce over one million metric tons of paperboard per year”, stated Eduardo Posada, chief executive officer of Grupo Gondi. “This new investment shows our continued commitment to better serve our customers through innovation and productivity”, also stated Alejandro Gonzalez Cimadevilla, President of Grupo Gondi.
Grupo Gondi will invest approximately $300 million dollars in this project, which is estimated to be completed by the end of 2019.
About Grupo Gondi
We are a company focused on offering added value by providing industry-leading products and solutions to satisfy the corrugated and folding carton packaging needs of our customers. We are constantly evolving in order to become more efficient, innovative and sustainable. Our team of over 7,500 employees, our vertically integrated portfolio of packaging solutions, as well our geographically presence in Mexico through our 15 production sites allows us to help our customers to succeed by delivering quality products, innovative solutions, and the best customer service.