Mondi has announced the approval of a Euro 400 million investment in a new paper machine at its Štětí mill in the Czech Republic. The investment forms part of the Group’s Euro 1 billion expansionary capital investment programme.

The investment will help Mondi to meet the growing demand for paper-based flexible packaging, underpinned by growth in e-Commerce and sustainable packaging, and will contribute to increasing Mondi’s range of innovative, sustainable packaging and paper solutions. The new machine will produce around 210,000 tonnes per annum of sack kraft paper.

Mondi is a global leader in sustainable packaging and paper.

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