http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.22Change: -0.23
R/$ = 11.16Change: -0.09
Au 1240.10 $/ozChange: -4.17
Pt 1243.50 $/ozChange: -18.70
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 03, 2007

Unbundled Mondi ready to roll out ambitious growth plans

Back
Johannesburg|ITS|Mondi Ltd|Mondi Plc|Packaging|Projects|Poland|Russia|United Kingdom|Mining|Packaging|Cyril Ramaphosa|David Hathorn|John Parker|Shanduka
|Packaging|Projects||Mining|Packaging|
johannesburg|its|mondi-ltd|mondi-plc|packaging-company|projects|poland|russia|united-kingdom|mining|packaging|cyril-ramaphosa|david-hathorn|john-parker|shanduka
© Reuse this



Paper and packaging firm Mondi Ltd, which officially floated its shares on the JSE on Tuesday, after separating from mining giant Anglo American, plans to spend €875-million, or R8,3-billion, on brownfields growth projects in Russia and Poland over two years, it said at the listing ceremony in Johannesburg.

Of the €875-million, it would spend €525-million in Russia, and €350-million in Poland.

Mondi CEO David Hathorn said that the company was also involved in negotiations to acquire a Turkish firm, but would not disclose further details, speaking in a telephone interview.

"We are continuously working on a variety of acquisitions," he said.

The company was focusing its growth efforts in emerging markets, where costs were lower and growth levels higher.

Its stock began trading at R68,80 in Johannesburg on Tuesday, but had slid by nearly 7% to R63,70 a share when the JSE closed, giving the company a market capitalisation of R32,81-billion.

Mondi conditionally began trading on the LSE and the JSE on Monday, until it had high court approval for its split from Anglo American, which was received on Monday night.

The company was spun off from the Anglo American group as the diversified miner wanted to focus on its core mining businesses.

Mondi will remain headquartered in Johannesburg, and will have the same management team for LSE- and JSE-listed Mondi PLC and Mondi Ltd, which is only quoted on the Johannesburg bourse.

The companies will both be chaired by Cyril Ramaphosa, who leads Mondi’s black-economic empowerment partner Shanduka, and Sir John Parker of the UK

Edited by: Liezel Hill
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Agriculture News
DESIGNED FOR ADVERSE CONDITIONS The saturated, muddy sludge that can characterise Asia’s arable land presents unique performance challenges for electrical and mechanical components
An agricultural industry-based hydraulic system, the Electrohydraulic Hitch Control (EHC-8) from engineering firm Bosch Rexroth, recently underwent enhancements to replicate the same, precise regulation of power and positioning for the lifting and lowering of towed...
Particulate matter pollution remains a problem in major cities and industrial zones in Gauteng, Mpumalanga and KwaZulu-Natal. The most populated and industrial areas are consistently above the Air Quality Act standards for particulate matter and significantly above...
Article contains comments
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies on Thursday took a hardline stance against the European Union’s (EU’s) threat of a ban on South African citrus fruit by tabling the issue with the World Trade Organisation (WTO). The EU had been threatening to refuse entry to...
More
 
 
Latest News
Updated 3 hours ago A former employee of the Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) and his accomplice have each been sentenced to 20 years imprisonment after being found guilty of fraud by the Specialised Commercial Court, in...
Updated 3 hours ago The Richards Bay Bulk Terminal, in KwaZulu-Natal, loaded 1.49-million tons of cargo in September, exceeding its monthly target of 1.32-million tons, Transnet Port Terminals (TPT) said on Monday. TPT said the reaching of vessel targets ahead of deadline created...
Judge Dennis Davis
Updated 3 hours ago The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted on Monday that recommendations were being considered to “detect and...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks