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

Rethinking packaging, promoting recycling

The demand for environmentally friendly packaging continues to grow. This development is posing real challenges for brand owners. How do they make the switch to flexible packaging that is recyclable? What needs to be considered? How can the issue of recycling be advanced? And why does Europe still need to catch up on topics such as “defining recyclability” and “test methods”? Insight into these questions and more is featured in a new episode of Sappi's Blue Couch Series. *“Functional paper packaging – the path towards greater recyclability” *Julian Thielen, Head of the “Made for Recycling” service at Interseroh Plus, Kerstin Dietze, Key Account Manager for Paper and Packaging Solutions at Sappi, and Gustavo Duarte, Manager Competence Center Packaging Solutions at Sappi

Metsä Spring invests in Montinutra, a startup that commercialises wood extract

Metsä Group’s innovation company Metsä Spring Ltd has made an equity investment in Montinutra Ltd, a startup converting forest industry side streams into high-value bioactive products. The financing round totals approximately EUR 1 million, and Metsä Spring is participating in the round with current and new private investors. Montinutra intends to produce valuable ingredients for the cosmetics, food and beverage, and pharmaceutical industries using forest industry side streams as its raw material. Metsä Group has two spruce sawmills in Finland, which may provide sawdust for the production. The company focus is first set clearly on SprucegumTM, an extract obtained from spruce sawdust. Sprucegum™ has potential for personal care, cosmetics and foodstuffs as an emulsifying and stabilising ingredient, for example. In addition, health beneficial Qusitol® obtained from sawdust, too, has shown potential for the treatment of lower urinary tract symptoms (LUTS).

Smurfit Kappa invests over €30 million in Spain to further reduce CO2 emissions

Smurfit Kappa has demonstrated its commitment to delivering on its sustainability goals through the recent inauguration of two state-of-the-art investments in Spain. Over 12,000 solar panels were unveiled at the packaging leader’s Sangüesa paper mill which will work alongside its biomass and recovery boilers to generate more than 50% of its annual energy requirements, the equivalent to powering 3,600 homes. The photovoltaic system, which is the largest of its kind in the Navarra region, is set to reduce the mill’s annual CO2 emissions by over 3,000 tonnes and represents an investment of €6 million. Since 2005, the Sangüesa paper mill has reduced its CO2 emissions by more than 51%.
Back To Top
×Close search
Search