Mondi agrees to sell Belcoat extrusion coatings plant in Belgium

10 July 2019 – Mondi Group has agreed to sell an extrusion coatings plant (‘Belcoat’) in Duffel, Belgium to Walki Group Oy (“Walki”).

Belcoat produces highly specialised extrusion coated products serving customers across protective clothing, imaging, automotive and other speciality products markets.

Mondi’s remaining extrusion coatings plants in Europe are primarily focused on consumer and other selected applications.

The transaction remains subject to competition clearance and other customary closing conditions and it is expected to complete in the second half of 2019.

Contact

Kerry Cooper, Senior Manager – External communication
Tel: +44 1932 82 6323
Email: kerry.cooper@mondigroup.com

About Mondi

Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in everything Mondi does. In 2018, Mondi had revenues of €7.48 billion and underlying EBITDA of €1.76 billion.

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI. Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.