Mondi
Packaging and paper company
From Wikipedia, the free encyclopedia
Mondi plc is a multinational packaging and paper group. The company is based in Weybridge, England. It has listings on the Johannesburg Stock Exchange and the London Stock Exchange as a constituent of the FTSE 100 Index.
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| Company type | Public limited company |
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| LSE: MNDI JSE: MNP FTSE 100 Component | |
| Industry |
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| Founded | 1967 |
| Headquarters | Weybridge, England, UK |
Key people |
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| Products |
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| Revenue |  €7,663 million (2025)[1] |
 €497 million (2025)[1] | |
| €197 million (2025)[1] | |
Number of employees | 24,000 (2026)[2] |
| Website | www |
History
Mondi has its roots in South Africa where, in 1967, the company's former owner, Anglo American plc, built the Merebank Mill in Durban.[3]
In 2000, the company increased its holdings in Neusiedler AG and Frantschach AG, both Austrian businesses, to 100 per cent and 70 per cent respectively.[4] Also in 2000, it acquired Cofinec, a Polish business. It increased its holding in the Syktyvkar Mill in the Komi Republic to 90% in 2002.[5]
In 2004 Mondi further increased its holdings in Frantschach AG, one of its Austrian businesses, to 100 per cent and in Celuloza Świecie AG, another Polish business, to 71% (and then changed its name to Mondi Packaging Paper Świecie).[6]
On 2 July 2007 the company demerged from its former parent company Anglo American plc, and became a dual-listed company, with Mondi Limited listed on the Johannesburg Stock Exchange and Mondi plc listed on the London Stock Exchange.[7]
In 2011, Mondi demerged Mondi Packaging South Africa (listed as Mpact on Johannesburg Stock Exchange).[8]
In 2012, Mondi acquired Nordenia to extend its consumer packaging business.[9]
In May 2017, Peter Oswald was appointed as the new group chief executive. In the same year, the approval of the €335 million Štětí mill modernisation (Czech Republic) happened.[10]
In 2019, Mondi completed the simplification of its corporate structure from dual listed into a single holding company under Mondi plc.[10]
On 1 April 2020, Andrew King succeeded Peter Oswald as Mondi Group's chief executive.[11]
On 4 May 2022, Mondi announced plans to divest from its Russian assets.[12] However, in December 2022, The Times reported than the sale of its Russian assets was "still awaiting approval".[13] In February 2023 Mondi was added to Ukraine International Sponsors of War list.[14] Mondi temporarily abandoned its stated intention of selling its most significant asset in Russia, the Syktyvkar Pulp and Paper Mill, to a company owned by Viktor Kharitonin, due to lack of progress with the necessary approvals, in June 2023.[15] However, in September 2023, the sale was completed and Mondi confirmed that it no longer trades in Russia.[16]
In January 2023, it was announced Mondi had completed the acquisition of the Duino paper mill from the Italian graphic and speciality paper company, Burgo Group for €40 million.[17]
In March 2024, the company made an agreed offer worth £5.1 billion to acquire DS Smith.[18] Mondi pulled out of the deal following a counteroffer from International Paper.[19]