Latest news with #Mondi
Evening Standard
14-05-2025
- Business
- Evening Standard
London stock close lower as miners hit by slumping gold price
The biggest risers on the FTSE 100 were: Entain, up 26.8p to 790.8p; Airtel Africa, up 5.5p to 174.6p; Mondi, up 38p to 1,226.5p; Marks & Spencer, up 9.8p to 355.2p; and Beazley, up 18.5p to 893p.
IOL News
08-05-2025
- Business
- IOL News
Mondi reports increased sales volumes and cost control in the first quarter of 2025
Branded rolls of paper are seen at a Mondi production facility. The group reported stronger order books in its first quarter to end-March 2025 driven by increased demand for it sustainable packaging products. Image: supplied Sustainable packaging and paper group Mondi's share price gained 2.6% on Thursday after it reported higher sales volumes, good cost control, and fewer planned maintenance shuts in the three months to the end of March. The share price traded at R218.22 on the JSE in the afternoon, a price well down from R368.37 that it traded at a year before. The group said in a first quarter to end-March 31 trading update that average selling prices were lower compared to the fourth quarter of 2024. Underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) for the first quarter was €290 million, including a forestry fair value gain of €2m (Q4 2024: €261m including a forestry fair value loss of €27m). In Corrugated Packaging and Flexible Packaging, stronger order books drove higher sales volumes. Downstream converting operations posted a solid performance. Following selling price declines towards the end of 2024, average selling prices in the first quarter were lower than in the fourth quarter of 2024. In the last few months, paper price increases had been implemented to largely recover the declines. In Uncoated Fine Paper, market conditions remained muted with lower average selling prices. Profitability was supported by strong cost control. Progress was made with the completion and ramp-up of expansion projects. The new kraft paper machine at Steti (Czech Republic), which commenced operations in December last year, 'is showing excellent results in terms of paper quality and production volumes,' a statement said. The converted paper machine in Duino (Italy) successfully started up in April. Once fully operational, it will be capable of producing 420 000 tons per annum of high-quality recycled containerboard. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕
News24
08-05-2025
- Business
- News24
Mondi lifts as it reports healthy demand, pushes price hikes
For more financial news, go to the News24 Business front page. Shares of paper and packaging giant Mondi lifted on Thursday when it reported that higher sales volumes and strong cost controls helped bump up its first-quarter profits. Underlying earnings before interest, taxation, depreciation and amortisation jumped almost 36% year-on-year to €290 million (almost R6 billion) in the three months to end March, it said, with this profit measure excluding various items to reflect the cash-generating ability of the group. Strong demand also means the group expects price increases to benefit it in the second quarter, and in morning trade on the JSE, Mondi had gained over 3%, giving it a market value of R123 billion. Mondi was spun out of Anglo American in 2007 and has its primary listing in London. It employs more than 24 000 people in more than 30 countries and while it is SA's biggest producer of uncoated fine paper and has mills in Richards Bay, less than a tenth of its sales are local. It said on Thursday that it saw higher sales volumes across its paper grades compared to the fourth quarter of 2024, benefitting its corrugated packaging and flexible packaging division — items like boxes — though average selling prices were lower. In the past few months, paper price increases have been implemented to largely recover the declines, it said. In uncoated fine paper, market conditions remained muted with lower average selling prices, but profitability was supported by strong cost control. The group said it was making progress with its capacity expansion projects, while it also completed the acquisition of the Western Europe packaging assets of Schumacher Packaging at the end of March. This is expected to drive synergies, ramp up sales and provide customers with an enhanced range of products. 'In the first quarter of the year, we have seen stronger order books driven by increased demand for our sustainable packaging products,' CEO Andrew King said in the update. 'This has supported recent price increases, which we expect to come through from the second quarter. 'Towards the end of the first quarter, global trade tensions heightened macroeconomic uncertainty. While the direct impact of announced tariffs on our operations is limited, we remain mindful of the potential second-order impacts that could affect trade flows, consumer confidence and supply chains,' he added.
Yahoo
25-04-2025
- Business
- Yahoo
Mondi's ProVantage containerboard to meet recycled packaging demand
Packaging solutions provider Mondi has confirmed its containerboard range is ready to cater to the growing need for sustainable packaging. The company stated that its ProVantage paper grades are available in both brown and white. The range includes products made from both fully recycled and 100% fresh fibre. Mondi claims that these paper grades provide a better foundation for corrugated packaging, as well as honeycomb structures and fibre drums. Mondi's portfolio supports a range of sectors, including e-commerce, fresh produce, and heavy-duty applications. The grades are specifically engineered to balance strength, sustainability, and print quality. These options include appearance grades, kraft grades, recycled grades, and semi-chem grades. These grades offer moisture resistance and durability, which are essential for long-distance transportation. Mondi's ProVantage SmartKraft White paper grade was introduced in 2021 from Mondi's Ružomberok mill in Slovakia. This new Kraft Top White grade blends both fresh and recycled fibres to provide strength and printability. It is aimed at brands looking to make a significant visual and functional impact. Mondi has also highlighted that its Duino mill will produce 420,000tpa of recycled containerboard when fully operational. This increased capacity will improve Mondi's supply integration and enhance supply chain security for its customers. Mondi aims to help businesses across various industries optimise their production processes and reduce their environmental impact. The company's focus on sustainability, innovation, and expert support continues to drive its success in meeting the increasing demand for sustainable packaging solutions. Mondi containerboard senior value chain and sustainability manager Remy Eecke said: 'As sustainability expectations rise, businesses need packaging that protects their products while reducing environmental impact. 'Our containerboard papers are 100% recyclable and made from 100% sustainably sourced raw materials, giving brands the edge they need in a competitive, eco-conscious marketplace.' Earlier this month, Mondi partnered with Evonik to introduce a recyclable, pre-formed paper bag for storing chemical powders. "Mondi's ProVantage containerboard to meet recycled packaging demand" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Fibre2Fashion
24-04-2025
- Business
- Fibre2Fashion
UK's Mondi & Evonik launch sustainable chemical packaging
Mondi, a global leader in packaging and paper, ? has created a recyclable pre-made paper bag for chemical powders, working in partnership with chemical company Evonik. Mondi and Evonik have developed a recyclable, lightweight paper bag for fumed silica, reducing packaging weight by 30 per cent and cutting carbon emissions. Made from Mondi's high porosity kraft paper, the bag is plastic-free, durable, and recyclable, offering efficient filling and strong sealing. The innovation supports both firms' sustainability and circular economy goals. The lightweight bag has been developed to reduce the carbon footprint of packaging for fumed silica, which is used as a performance additive in various industrial and consumer applications. Evonik started investigating more sustainable packaging in 2022 and worked closely with Mondi to find an innovative solution. The collaboration resulted in a two-ply pre-made paper-based bag, removing a plastic-coated paper layer from the previous packaging. This means that less paper and plastic is used, resulting in an overall weight reduction of the packaging by 30%, compared to the previous solution. The new paper bag also has a lower carbon footprint which was assessed in Mondi's in-house life cycle-based PIA (Product Impact Assessment) tool. Following intensive tests conducted by Evonik, the suitability and product protection of the new bags were proven, and the bags are now launched to the market. The new bag was created using Mondi's high porosity kraft paper, which offers superior strength, durability and stretch. Mondi applies a small amount of spot coating to the bag, enabling Evonik to securely seal it after filling. The new bag is recyclable according to the CEPI v.3 test method and 4evergreen's fibre-based packaging recyclability evaluation protocol. High-quality packaging that protects the products while reducing waste is one of Evonik's goals. The fine powder packaging with tailor-made properties must not only be easy and efficient to fill but also withstand the demanding conditions of vacuum chamber filling. Mondi's high porosity kraft paper used for the new bags is not coated which allows swift air release, reduces vacuum filling time, and the closing mechanism ensures tight and secure packaging, tested to meet the highest quality standards. After the filling process, Evonik palletises the bags and shrink-wraps the pallets for storage and transport. 'At Evonik, we are committed to enabling transformation and going beyond the familiar. In the Smart Effects business line, we collaborate closely with our partners on projects focused on CO2 reduction, portfolio transformation, and the circular economy. Our partnership with Mondi on packaging transformation exemplifies how every part of our business is aligned on the same sustainable path.' Susanne Pellengahr, Head of Sustainability Transformation at Evonik's Smart Effects business line. Florian Ullrich, Sales Director Paper Bags Germany, Mondi says: 'Valve bags are designed for high-speed filling and with sensitive contents such as these specialty chemical powders, high quality material and secure closing options are also paramount. Being able to deliver and indeed improve on these elements, while reducing the carbon footprint of the packaging, was a challenge we were delighted to answer alongside Evonik.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
