Mondi has approved a €400 million investment in a new paper machine at its flagship Štetí mill in the Czech Republic.
The investment forms part of the Group’s €1 billion expansionary capital investment program to accelerate growth in sustainable packaging.
The new machine will produce around 210,000 tons annually of sack kraft paper supporting Mondi’s Paper Bags business.
It will also allow Mondi to optimise production across the remaining kraft paper portfolio and strengthen its leading position in speciality kraft paper across a broad range of applications such as functional barrier papers.
The paper machine is expected to start up production in 2025 and reach full capacity in 2027.