Mondi

Mondi plc

Type	Public limited company
Traded as	LSE: MNDI LSE: MNPI JSE: MNp FTSE 100 Component
Industry	Packaging and Paper
Founded	1967 (1967)
Headquarters	Johannesburg, London, Vienna[1]
Key people	Fred Phaswana and David Williams, (Joint Chairmen) Peter Oswald, (CEO)
Products	Pulp, paper, containerboard, and packaging
Revenue	€7,096 million (2017)[2]
Operating income	€1,018 million (2017)[2]
Net income	€714 million (2017)[2]
Number of employees	26,300 (2017)[3]
Website	www.mondigroup.com

Mondi plc is an international packaging and paper group employing around 26,000 people with around 100 production sites across more than 30 countries, predominantly in Europe, Russia, North America and South Africa. It is fully integrated across the packaging and paper value chain – from the growing of wood and the manufacturing of pulp and paper (packaging paper and uncoated fine paper), to the conversion of packaging papers into corrugated packaging, industrial bags, extrusion coatings and release liner. It has listings on the Johannesburg Stock Exchange and the London Stock Exchange and is a constituent of the FTSE 100 Index.

History

Mondi has its roots in South Africa where, in 1967, the company's former owner, Anglo American plc, built the Merebank Mill in Durban.^[4]

In 2000 the company increased its holdings in Neusiedler AG and Frantschach AG, both Austrian businesses, to 100% and 70% respectively.^[5] Also in 2000 it acquired Cofinec, a Polish business. It increased its holding in the Syktyvkar Mill in the Komi Republic to 90% in 2002.^[6] In 2004 it further increased its holdings in Frantschach AG, one of its Austrian businesses, to 100% and in Celuloza Świecie AG, another Polish business, to 71%.^[5]

On 2 July 2007 the company demerged from its former parent company Anglo American plc, and became a dual-listed company, with a primary listing on the Johannesburg Stock Exchange and a premium listing on the London Stock Exchange.^[7]

In 2012 Mondi acquired Nordenia to extend its consumer packaging business.^[8]

In May 2017, Peter Oswald was appointed as new group chief executive officer.^[9]

Operations

In October 2017, Mondi Group was reorganised into four global divisions according to its business units: Packaging Paper, Fibre Packaging, Consumer Packaging and Uncoated Fine Paper. Prior to the reorganisation it was organised according to two regions: Europe & International and South Africa. The Group’s 2017 half yearly results state: “We believe that this reorganisation both streamlines the organisational structure and offers the potential to deliver further synergies.”^[10]

Products

Mondi is vertically and horizontally integrated across the packaging and paper value chain. The Group manages forests and produces pulp, paper and plastic films, along with industrial and consumer packaging in both paper and flexible plastics. Mondi serves a variety of industries, including food and beverage, retail, construction, professional printers and office paper.^[11] Products include:

Flexible packaging, bags and pouches:

Pre-made bags and pouches, printed laminates and high-barrier films; packaging for the consumer industry

Personal care components:

Innovative baby diapers, femine hygiene products, adult incontinence products and wipes

Release liners:

Release liners (silicone-coated and other types), for the adhesives industry

Films:

Protective barriers for packaging

Corrugated Packaging:

Corrugated boxes and trays

Industrial bags:

Industrial bags for building materials and food

Barrier coatings:

Film- and paper-based protective barriers

Speciality kraft paper:

Kraft paper used in industrial packaging, retail shopping bags and food packaging

Sack kraft paper

Paper grades used for valve and open mouth industrial bags used in the building, food, agricultural andchemical industries

Containerboard

Containerboard used in corrugated packaging including packaging certified for food contact.

Office and professional printing papers

Sustainability

In 2014 Mondi and WWF began a global partnership to strengthen environmental stewardship in the packaging and paper sector.^[12][13] In 2017 Mondi and WWF extended the partnership for three more years until 2020. In 2018 Mondi and WWF announced that Mondi had joined WWF Climate Savers and committed to reduce specific production-related greenhouse gas (GHG) emissions to 0.25 t CO2e/t production by 2050.^[14]

Mondi participates in the survey of Ethical Investment and is represented in the following indices: FTSE4Good Index, the JSE Socially Responsible Investment,^[15] the FTSE350 Carbon Disclosure Leadership Index^[16] and the FTSE350 Carbon Performance Leadership Index.^[16]

The company is a signatory and advocate of the Global Compact, a UN initiative for business committed to universally accepted principles in the areas of human rights, labor, environment and anti-corruption.^[17]

In its 2017 sustainability report Mondi Group states that its owned, leased and managed forests, which are located in Russia and South Africa,, were certified by the Forest Stewardship Council and that 71% of the wood the business used in its production was certified to either FSC™ or PEFC™ standard.^[18]

Standardized parameters are applied to monitor the environmental impact of the production processes. Mondi defined its product responsibility on the basis of the UNEP Life Cycle Initiative.^[19]

References

External links

• Official site