Mondi acquires two paper bag lines and signs exclusive supplier agreements with leading cement producers in Egypt
Mondi Paper Bags, part of the Mondi Group, has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt.
Helwan Cement is a subsidiary of the Suez Cement Group Egypt, part of the HeidelbergCement AG. InterCement Sacs is a subsidiary of Amreyah Cement, part of InterCement, a major Brazilian cement producer.
The acquired production lines will increase Mondi’s capacity by approximately 60-80 million bags annually and strengthen Mondi’s position in the Middle Eastern bag market, particularly in supporting suppliers to the construction industry.
Mondi Paper Bags, a global producer that operates two plants in Egypt, will also become the exclusive supplier of paper bags to the Helwan Cement Company and InterCement Sacs.
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