JSE-listed Mondi has completed the acquisition of the Hinton Pulp mill, in Alberta, Canada, from West Fraser Timber company for $5-million.
Mondi will invest in the mill to improve productivity and sustainability performance and, subject to pre-engineering and permitting, invest in expanding the facility, primarily with a new kraft paper machine which will integrate its paper bag operations in the Americas and support future growth.
The mill has the capacity to produce arbout 250 000 t/y of pulp and will provide the group with access to local, high-quality fibre from a well-established wood basket as part of a long-term partnership with West Fraser.
“We are delighted to welcome our new colleagues from Hinton Pulp mill to Mondi and look forward to working together to secure the mill's future and support Mondi's growth in North America with our portfolio of sustainable packaging,” said Mondi Group CEO Andrew King.