New Recyclable Packaging Paper Koehler NexPlus® Seal WVB

DS Smith has proposed sale of its De Hoop paper mill in the Netherlands to De Jong Packaging for a cash consideration of €50 million (c. £43 million). The mill produces c.370k tonnes of mainly heavier grades of recycled paper per annum. The sale supports our strategy to have a “short paper” position in Northern Europe where there is a greater amount of external paper capacity available to the Group and also further aligns our internal paper production with our priorities in light-weight fibre-based packaging solutions for FMCG and e-commerce customers.

Mondi Neusiedler recently completed the certification process for food safety management and has been awarded the EN 15593 certification by the renowned Swiss certifier SQS (Swiss Association for Quality and Management Systems). Food companies are using the speciality papers and professional printing papers produced at Mondi Neusiedler for their food packaging to combine the excellent print quality, an exceptional environmental profile and highest hygiene standards. The papers are for example converted into bread sleeves, bags, liners, folding boxes or secondary packaging. “For such converting purposes optimal technical paper grades are required and customers can rely on our knowledge and paper qualities,” explains Johannes Klumpp, Marketing & Sales Director Mondi Uncoated Fine Paper. “Our customers are searching for a reliable partner and peace of mind when buying speciality papers for their food contact applications”, says Klumpp. “The certification fulfils exactly this need to ensure consumer safety as it independently proves Mondi Neusiedler complies with international standards in hygiene management. A quality our customers and end consumers can rely on every day”, he clarifies. Click Read More below for additional detail.

Second Quarter 2020 Summary: *Reported sales and core sales decreased 6% primarily due to the negative effects of COVID-19 on the beauty and beverage markets as well as passing on lower resin costs; negative currency effects were offset by contributions coming from acquisitions *Reported sales growth of 7% and core sales growth of 6% in our Pharma segment was offset by decreases in reported sales and core sales in our Beauty + Home and Food + Beverage segments *Reported net income totaled $42 million (a decrease of 43% compared to the prior year) *Cash flow from operations was $228 million in the first half of 2020 (an increase of 3% compared to the prior year)