https://www.engineeringnews.co.za
Business|Components|Engineering|Innovation|Packaging|Paper|Sustainable|Packaging|Products|Solutions
Business|Components|Engineering|Innovation|Packaging|Paper|Sustainable|Packaging|Products|Solutions
business|components|engineering|innovation|packaging-company|paper|sustainable|packaging|products|solutions

Mondi sells personal care business for €615m

Mondi's uncoated fine paper plant

Mondi's paper manufacturing plant

17th February 2022

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JSE-listed paper and packaging manufacturer Mondi has entered into an agreement to sell its Personal Care Components (PCC) business to Tokyo-listed materials manufacturer Nitto Denko Corporation for €615-million.

The disposal aligns with Mondi’s strategy to focus on growth in the packaging sector.

PCC manufactures a range of products for personal and home care, including diapers, feminine hygiene, adult incontinence and wipes.

Nitto manufactures materials for electronics, mobilities and human life applications.

Since the PPC division was part of Mondi’s Engineering Materials business unit, the balance of what comprised the unit – functional papers and films – will be merged into the Flexible Packaging business unit.

Mondi believes this merger exercise will strengthen integration along the kraft paper value chain and foster innovation to continue developing functional papers for sustainable packaging.

The group will use the proceeds of the sale of the PCC business for general corporate purposes and the transaction is expected to close some time in the second half of the year.

Mondi CEO Andrew King comments that the transaction enables the group to simplify its portfolio and focus on the core packaging and paper businesses to ultimately better serve customers with innovative solutions.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (10/05/2024)
10th May 2024 By: Martin Creamer
Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:3.684 3.748s - 139pq - 2rq
Subscribe Now