(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc
(together 'Mondi Group') notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the JSE Listings
Requirements and/or the Disclosure and Transparency and Listing Rules of the
United Kingdom Listing Authority.
19 November 2012
Mondi enters into consultation with employee representatives about proposed
closure of recycled container board mill in Ceske Budejovice, Czech Republic
Mondi confirms that it completed the transaction to acquire Duropack's
operations on 5 November 2012.
Mondi further confirms that it has entered into consultations with employees
and their representatives about the proposed closure of the one hundred
thousand tonne recycled containerboard mill in Ceske Budejovice, Czech
Republic. The decision comes as a result of deteriorating market conditions in
the European containerboard market and increased competition which has impacted
the mill's ability to remain competitive. Total closure costs are estimated to
be under EUR3m.
The Group's strategy is to focus on further developing its leading market
position in corrugated packaging in the Czech Republic and emerging Europe.
Mondi will take all reasonable action to support affected employees including
providing an outplacement programme and will keep employees, customers and
other stakeholders informed of the process.
Group Corporate Affairs Manager
Tel: +27 836270292,
Marketing Communications Director
Tel: +43 (0)1 79013 4056, Fax: +43 (0)1 79013 948
Mondi is an international packaging and paper Group, with production operations
across 29 countries and revenues of EUR5.7 billion in 2011. The Group's key
operations are located in central Europe, Russia and South Africa and as at the
end of 2011, Mondi Group employed 23,400 people.
Mondi Group is fully integrated across the paper and packaging process, from
the growing of wood and the manufacture of pulp and paper (including recycled
paper), to the conversion of packaging paper into corrugated packaging,
industrial bags and coatings.
The Group is principally involved in the manufacture of packaging paper,
converted packaging products and uncoated fine paper (UFP).
Mondi Group has a dual listed company structure, with a primary listing on the
JSE Limited for Mondi Limited under the ticker code MND and a premium listing
on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The
Group has been recognised for its sustainability through its inclusion in the
FTSE4Good Global, European and UK Index Series (since 2008) and the JSE's
Socially Responsible Investment (SRI) Index since 2007. The Group was also
included in the FTSE350 Carbon Disclosure Leadership Index for the second year.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
-0- Nov/19/2012 13:30 GMT
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