Following the announcement on 16 August 2022, Mondi plc (‘Mondi’) confirms that it has completed the acquisition of the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of €40 million.

Mondi plans to convert this paper machine to produce around 420,000 tonnes per annum of high-quality recycled containerboard for an estimated investment of around €200 million.

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.