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25 July 2023
Mondi buys Canadian mill
ALBERTA—
Packaging and paper manufacturer Mondi has agreed to buy Hinton Pulp Mill, from West Fraser Timber 250,000 tonne pulp mill in Alberta, to serve its American production facilities. The plant’s purchase and development will allow Mondi to supply its 10 paper bag factories in the Americas with high quality, low-cost kraft paper, shortening supply chains and reducing the carbon footprint of its products.
Mondi plans to invest $584 million into the plant, primarily for a new 200,000 tonne kraft paper machine, due to come online in late 2027. Mondi Papers is one of the worlds largest printing paper mills with mills in Europe , North America , South America and Africa and Russia. Mondi had revenues of €8.9 billion.
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