Johannesburg, South Africa 24 July 2015 -- Mondi has signed an agreement with POLIFILM Extrusion GmbH, to sell Mondi's film manufacturing site in Osterburken, Germany; subject to competition clearance. The sale will enable Mondi to refine its product portfolio and move away from supplying films to competitors of its Consumer Packaging business. POLIFILM offers a complementary product portfolio to Mondi Osterburken GmbH, which mainly produces polyethylene laminating films and household cling films.
About Mondi Consumer Packaging
Mondi's consumer packaging business offers quality consumer packaging, hygiene components and release liner. Core competencies include manufacturing, printing, coating, as well as refining or processing of high-quality films. As a leader in innovation and technology, the products manufactured by Mondi's consumer packaging business are used in a wide variety of areas with the main focus being fast moving consumer goods (FMCG). Our R&D centres provide highly qualified teams that develop innovative packaging solutions and consider new raw materials, processing and refining technologies.
Mondi is an international packaging and paper Group, employing around 25,000 people across more than 30 countries. Our key operations are located in central Europe, Russia, North America and South Africa. We offer over 100 packaging and paper products, customised into more than 100,000 different solutions for customers and end consumers. In 2014, Mondi had revenues of €6.4 billion and a return on capital employed of 17.2%.
The Mondi Group is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and compound plastics, to developing effective and innovative industrial and consumer packaging solutions. Our innovative technologies and products can be found in a variety of applications including hygiene components, stand-up pouches, super-strong cement bags, clever retail boxes and office paper. Our key customers are in industries such as automotive; building and construction; chemicals; food and beverage; home and personal care; medical and pharmaceutical; packaging and paper converting; pet care; and office and professional printing.
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.
For us, sustainable development makes good business sense. We don't just talk about sustainability; we make it part of the way we work every day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007.