Hinton Pulp mill acquisition supports growth in Mondi’s Americas paper bags business

Mondi plc (Mondi), a global leader in the production of sustainable packaging and paper, has agreed to acquire the 250,000 tonne per annum Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million. As part of the transaction, Mondi will enter into a long-term partnership with West Fraser to access local, high-quality fibre from a well-established wood basket.

The intention, subject to pre-engineering and permitting, is to invest €400 million in the expansion of Hinton, primarily for a new 200,000 tonne per annum kraft paper machine, anticipated to be operational from the second half of 2027. The acquisition of the mill, and investment in the paper machine, will fully integrate operations in the Americas and enable Mondi to secure the long-term supply of high quality, cost competitive kraft paper into its network of 10 paper bags plants in the region, better positioning Mondi to support the growing market demand for industrial and mailer bags.

Customers will benefit from a fully integrated and much shorter supply chain reducing the carbon footprint of Mondi’s packaging products in the region. The kraft paper produced at Hinton will have the highest quality and strength parameters, which, in combination with Mondi’s expertise, will meet customer requirements for sustainable packaging solutions as paper is increasingly being used for packaging across the Americas.
more at: https://www.mondigroup.com/en/newsroom/press-release/2023/hinton-pulp-mill-acquisition-supports-growth-in-mondi-s-americas-paper-bags-business/

Related Posts

Berry Global Group, Inc. Reports Fourth Quarter and Fiscal Year 2017 Results

Fiscal Year 2017 Results: The net sales increase of $606 million is primarily attributed to acquisition net sales of $788 million and selling price increases of $60 million due to the pass through of higher resin prices, partially offset by a negative $136 million impact from a 2 percent base volume decline, $98 million from extra days in fiscal 2016, and a slightly negative impact from foreign currency changes. The operating income increase of $151 million is primarily attributed to acquisition operating income of $62 million, a $36 million decrease in Avintiv integration and restructuring costs, a $35 million decrease in selling, general and administrative expense related to synergies and cost reductions, a $24 million improvement in our product mix and price/cost spread, a $16 million decrease in depreciation and amortization, and a slight improvement in productivity in manufacturing. These improvements were partially offset by a $20 million impact from the base volume decline and $10 million from extra days in fiscal 2016. Click Read More below for additional information.

UPM Raflatac launches new adhesive offering 75 percent alcohol resistance for wet wipe labeling

UPM Raflatac introduces a highly chemical resistant adhesive for wet wipe labeling in the APAC region. UPM Raflatac RRS4 adhesive pushes beyond traditional adhesives with repeatedly reliable open-closure functionality for high chemical resistance. RRS4 is designed to be resistant to 75 percent alcohol ensuring the disinfecting qualities of the wet wipes when reopening and closing the package. Having disposable disinfecting wipes on hand can help to stop the spread of the viruses. For the wipes to be disinfecting, they must contain at least 70 percent of alcohol according to C.D.C (Centers for Disease Control & Prevention). Therefore, the label needs to have chemical resistance to keep the wipes wet and disinfected. UPM Raflatac’s RRS4 adhesive answers to this need and ensures the reliability of the packaging.

O-I PACKAGING SOLUTIONS AND REVINO ROLL OUT RETURNABLE, REUSABLE GLASS WINE BOTTLES TO PACIFIC NORTHWEST

O-I Packaging Solutions, along with Revino, announce the introduction of returnable, reusable glass wine bottles to advance​ the​​ ​sustainability of wine packaging​, first rolling out in Oregon and extending soon to the west coast​​. O-IPS, a global manufacturer of sustainable glass packaging, will locally produce more than 2.4 million reusable glass wine bottles as part of Revino’s return system. Revino was founded to revive the reusable glass bottle ecosystem for beverage producers and consumers. “Glass packaging for wine is made from pure and natural resources that are inert, infinitely recyclable and reliably preserve the integrity of the wine it packages,” said Randy Burns, Chief Sustainability and Corporate Affairs Officer for O-I Glass. “By extending the use phase of the glass packaging through return and refill winery partnerships, Revino is maximizing the sustainability of packaging for environmentally conscious wine producers.” ​​On average, a reusable glass bottle can be reused 25-50 times before being retired and recycled into new glass packaging.
Back To Top
×Close search
Search