Mondi Group
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| Type | Public (LSE: MNDI, JSE: MONDI) |
|---|---|
| Founded | 1967 |
| Headquarters | Addlestone, Surrey, United Kingdom Melrose, Gauteng, South Africa |
| Key people | Cyril Ramaphosa, Sir John Parker (Chairmen) David Hathorn, (CEO) |
| Industry | Manufacturing |
| Products | Paper and Packaging |
| Revenue | €6,345 million (2008) |
| Operating income | €443 million (2008) |
| Profit | €(181) million (2008) |
| Employees | 35,000 (2008) |
| Website | www.mondigroup.com |
The Mondi Group plc (LSE: MNDI, JSE: MONDI) is a leading British-based paper and packaging manufacturer. It is listed on the London Stock Exchange (85%) and the JSE (15%) and is a constituent of the FTSE 250 Index.
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[edit] History
The Company was first established in 1967 as a business unit of Anglo American plc to build and operate the Merebank Mill in Durban in South Africa.[1] Mondi came to Europe in the early 1990s acquiring 49% of the Austrian business Neusiedler AG in 1990[2] and 40% of the Austrian business Frantschach AG shortly thereafter.[2] In 1997 it went on to buy 60% of the Polish business Celuoza Swiegie AG.[2]
In 1997 it also bought a 19.4% stake in Russia’s Syktyvkar Mill.[3]
In 2000 the Company increased its holdings in Neusiedler AG and Frantschach AG to 100% and 70% respectively.[4] Also in 2000 it acquired Cofinec, another Polish business.[4] It increased its holding in the Syktyvar Mill to 90% in 2002.[4]
In 2004 it further increased its holdings in Frantschach AG to 100% and in Celuloza Swiegie AG to 71%.[4]
On 2 July 2007 the Company demerged from its former parent company Anglo American plc, turning into a dual-listed company with primary listings in both Johannesburg and London reflecting the fact that while the majority of the Company's business is in Europe it also has a South African heritage and significant ongoing operations there.[5]
[edit] Operations
The Company is structured as follows:[6]
Europe & International
- Corrugated
- Bags & specialities
- Uncoated fine paper
South Africa
- Merebank
- Richards Bay
- Forests
Other operations
- Aylesford Newsprint (50%)
- Europapier (90%)
- Mondi Shanduka Newsprint (50%)
- Mondi Packaging S.A. (55%)
