Close to two important export harbours, Duino is ideally located to supply the group’s Corrugated Solutions plants in Central Europe and Turkey, as well as to serve the growing local Italian market. The containerboard machine will strengthen backward integration in Corrugated Packaging and provide us with security of supply to better serve our customers.
Andrew King, Group CEO of Mondi, said: “We are excited by this opportunity to invest in the growth of our packaging business, build on our integrated platform and broaden our geographic reach.”
“The acquisition is subject to competition clearance and other closing conditions and completion is expected in the second half of the year.”
