Jul 03, 2007
Unbundled Mondi ready to roll out ambitious growth plansBack
Johannesburg|ITS|Mondi Ltd|Mondi Plc|Packaging|Projects|Poland|Russia|United Kingdom|Mining|Packaging|Cyril Ramaphosa|David Hathorn|John Parker|Shanduka
© Reuse this
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 Forests News
Soil degradation holds back African farmers, costing them $68-billion annually and threatening to stall vital food production, a leading agriculture expert said on Thursday. "The problem is certainly getting worse," Sir Gordon Conway, director of the group...
Pulp and paper producer Sappi’s earnings before interest, taxes, depreciation and amortisation (Ebitda), excluding special items, have increased 25% to $658-million for the year ended September 30, on the back of a strong fourth quarter. Special items included a...
One tiny Australian wasp is killing another tiny Australian wasp in South Africa’s commercial forests – and it is a good thing. Leptocybe invasa, the bad guy in this story, was first spotted in Eucalyptus trees outside its native Australia in 2000, in Israel, says...
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
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.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...