(Bloomberg) -- Mondi Plc, the South African paper
and packaging company spun off by Anglo American Plc, will spend
875 million euros ($1.19 billion) on expanding and modernizing
plants in Russia and Poland over the next two years.
Boosting output and the efficiency of a Russian mill will
require 525 million euros, with the remainder to be spent on
adding a paper machine in Poland, Chief Executive Officer David
Hathorn said in a presentation at the Johannesburg stock market,
where Mondi shares officially began trading today.
Read more at Bloomberg Emerging Markets News
and packaging company spun off by Anglo American Plc, will spend
875 million euros ($1.19 billion) on expanding and modernizing
plants in Russia and Poland over the next two years.
Boosting output and the efficiency of a Russian mill will
require 525 million euros, with the remainder to be spent on
adding a paper machine in Poland, Chief Executive Officer David
Hathorn said in a presentation at the Johannesburg stock market,
where Mondi shares officially began trading today.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment