https://www.engineeringnews.co.za

Mondi to shed German mill for €25m

29th October 2015

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

Dual-listed Mondi will sell its Raubling paper mill, in Bavaria, Germany, to the Heinzel Group for €25-million.

Mondi, which said the deal enabled a narrower focus on the development of its core containerboard operations, would conclude the transaction upon receiving competition clearance by the end of this year.

The Raubling-based recycled containerboard mill and related recycling operations, established in 1908 and taken over by Mondi in 2004, was a mid-sized mill, with a potential capacity to produce 220 000 t of recycled containerboard and kraftliner substitute.

The mill, which employed around 150 people, had transitioned over the past two years into a high-quality niche producer, selling most of its products to customers within Germany, including internal sales to Mondi Corrugators. It also served customers in Italy, Austria, Poland and the Benelux.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ALBIS FLANGES (Pty) Ltd
ALBIS FLANGES (Pty) Ltd

ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.044 0.082s - 122pq - 2rq
Subscribe Now