PRZOOM - /newswire/ -
Vienna, Austria, 2022/07/20 - Mondi, a global leader in packaging and paper, is investing nearly €65 million in three Consumer Flexibles packaging plants in Europe in order to meet growing customer demand for sustainable pet food packaging solutions - MondiGroup.com.
• Mondi to invest nearly €65 million to meet customers’ growing demand for sustainable packaging solutions;
• Investment strengthens Mondi’s leading position in pet food packaging;
• Production capacity to be increased at three Consumer Flexibles plants in Austria (Mondi Korneuburg) and Germany (Mondi Halle and Mondi Steinfeld).
Mondi is investing nearly €65 million in three Consumer Flexibles packaging plants in Europe in order to meet growing customer demand for sustainable pet food packaging solutions. The European pet food market has grown significantly in recent years, driven by a consistent rise in pet ownership. This trend increased during the COVID-19 pandemic and is expected to continue for many years to come.(1)
This project is part of Mondi’s previously announced €1 billion expansionary capital investment programme to accelerate growth in sustainable packaging and will further strengthen its leading position in the pet food packaging market.
Work has already started at Mondi Korneuburg (Austria) and includes investments in new, state-of-the-art machinery and equipment as well as an expanded production area. These changes will lead to a capacity increase, solidifying the site’s position as a market leader in pre-made retort stand-up pouches for wet pet food.
The group is also investing in new, advanced machinery at Mondi Halle and Mondi Steinfeld in Germany, to increase production capacity of sustainable pre-made bag solutions for pet food, as well as home and personal care. This will enable future growth and support customers to switch from multi-layer, non-recyclable packaging to more sustainable alternatives such as mono-material recyclable stand-up pouches and paper-based pre-made bags.
1). Wet pet food demand estimated to grow 5% a year between 2020 and 2025 according to Wood Mackenzie 2020 (PCI)
"We take pride in being an innovative, agile partner for our customers. With this investment, we continue to take the lead in packaging solutions that are sustainable by design, especially in the pet food industry. This investment also supports our Mondi Action Plan 2030 (MAP2030) sustainability framework which is focused on circular driven solutions, created by empowered people, taking action on climate. With these projects, we’re increasing operational efficiency and reducing our own energy consumption while also connecting our production network."
Dirk Gabriel, COO Consumer Flexibles, Mondi
Mondi (mondigroup.com) is a global leader in packaging and paper, contributing to a better world by making innovative packaging and paper solutions that are sustainable by design. Our business is integrated across the value chain from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is at the centre of our strategy and intrinsic in the way we do business. We lead the industry with our customer-centric approach, EcoSolutions, where we ask the right questions to find the most sustainable solution. In 2021, Mondi had revenues of €7.7 billion and underlying EBITDA of €1.5 billion.
Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the JSE Limited (MNP). 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.