Sep 24 2008

Mondi may close loss-making UK paper mill

Published by at 1:05 pm under Companies

The international division of Mondi, the JSE- and LSE-listed paper company, may close its loss-making Holcombe Mill in Ramsbottom, UK.

About 90 jobs are at stake at the mill, which manufactures recycled containerboard. 

Since Mondi has started on its international expansion drive in the mid-90s, it has bought businesses in many countries, including Austria, the UK, France, Russia, Slovakia, Poland, Hungary, Slovakia, Denmark, the Netherlands, Bulgaria, Italy and Mexico.

During this time, many major companies – often market leaders in their home nations – became part of Mondi. Among them are Austria’s Neusiedler AG and Frantschach AG, Cofinec in Poland, and Russia’s Syktyvkar Mill.

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