Market strategies have undergone significant changes due to the sanctions. The mill lost its European market for containerboard, which previously accounted for two-thirds of this product's sales.
Mondi
The start-up of the new machine is expected in 2025. Once fully operational, it will be capable of producing 420,000 tonnes of recycled containerboard for sustainable packaging solutions and will be Mondi’s widest recycled paper machine at 8.5 metres.
Mondi's Stambolijski pulp and paper mill in Bulgaria has identified opportunities to reduce water use in its pulp and paper processes by installing a turbo blower on the paper machine and a cooling tower in the turbine and evaporation area.
Mondi shareholders would own 54% and DS Smith shareholders would own 46% of the issued and to be issued share capital of Mondi.
Mondi broadens product offering with a special focus on printing, envelope and other converting papers.
Hinton Pulp produces unbleached kraft pulp. West Fraser will continue to support the mill through a long-term fibre supply agreement.