Duino mill now part of Mondi Group13.01.2023
Following the announcement on 16 August 2022, Mondi has confirmed that the acquisition of the Duino mill near Triest/Italy from the Burgo Group has been completed.
Mondi plans to invest around € 200 million in converting the existing lightweight coated mechanical paper machine at the mill into a high-quality, cost-competitive recycled containerboard machine with an annual capacity of around 420000 t. The mill is ideally located to source paper for recycling, supply Mondi’s corrugated solutions plants in Central Europe and Turkey as well as to serve the growing local Italian market. The converted machine is expected to start-up in 2025.
“We are excited to welcome Duino mill to the Mondi Group and the opportunity this provides to grow our packaging business. We are committed to the long-term future of the mill and recognise its important role in the community and contribution to the local economy”, says Markus Gärtner, CEO Mondi Corrugated Packaging.