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.