Mondi Announced Huge Investment in Three Packaging Plants in Europe

SEATTLE (Scrap Monster): Mondi Group announced plans to invest nearly €65 million in three Consumer Flexibles packaging plants in Europe.

The proposed investment will help the company to meet growing customer demand for sustainable pet food packaging solutions in the region and further strengthen the company’s leading position in pet food packaging. Incidentally, the European pet food market as witnessed significant growth in recent years, with the market expected to continue growth for many more years to come.

The company press release noted that the investment is part of the previously announced €1 billion expansionary capital investment programme, aimed at accelerating growth in sustainable packaging.

The company will invest in new, state-of-the-art machinery and equipment as well as an expanded production area at Mondi Korneuburg in Austria. In addition, it will invest in new advanced machinery at Modi Halle and Mondi Steinfield in Germany. The investment will lead to significant capacity expansions at all the three facilities.

Commenting on the investment, Dirk Gabriel, COO Consumer Flexibles, Mondi stated that the projects will help to increase operational efficiency, while reducing energy consumption. Furthermore, it supports the company’s Mondi Action Plan 2030 (MAP2030) sustainability framework, he added.

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