Company type | Public limited company |
---|---|
LSE: MNDI JSE: MNP FTSE 100 Component | |
Industry |
|
Founded | 1967 |
Headquarters | Weybridge, England, UK |
Key people |
|
Products |
|
Revenue | €7,330 million (2023) [1] |
€790 million (2023) [1] | |
€(134) million (2023) [1] | |
Number of employees | 22,000 (2024) [2] |
Website | www |
Mondi plc is a multinational packaging and paper group. Group offices are located in Weybridge, England. It has listings on the Johannesburg Stock Exchange and the London Stock Exchange, and is a constituent of the FTSE 100 Index.
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% and 70% 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% 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 officer. 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 officer. [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]
The Lenzing Group is an international group with its headquarters in Lenzing, Austria, and production sites in all major markets. Lenzing produces wood-based viscose fibers, modal fibers, lyocell fibers and filament yarn, which are used in the textile industry — in clothing, home textiles and technical textiles — as well as in the nonwovens industry. In addition, the company is active in mechanical and plant engineering. The Lenzing Group markets its products under the brand names TENCEL, VEOCEL, LENZING ECOVERO and LENZING.
Mayr-Melnhof Karton AG is a manufacturer in the paper and packaging industry, based in Vienna, Austria. The company is 65% family owned, with the rest free-float, and is listed on the Vienna Stock Exchange.
Amcor plc is a global packaging company. It develops and produces flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical-device, home and personal-care, and other products.
Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs are cross-border, and have tax and other advantages for the corporations and their stockholders.
Rexam plc was a British-based multinational consumer packaging company headquartered in London, England. After spending much of its life as a paper producer known as Bowater, it diversified and became a leading manufacturer of beverage cans. It had 55 plants in over 20 countries across Asia, Europe, North America and South America. In June 2016, Rexam was acquired by Ball Corporation for $8.4 billion.
EVRAZ plc is a UK-incorporated multinational steel manufacturing and mining company part-owned by Russian oligarchs. It has operations mainly in Russia as well as the USA, Canada, and Kazakhstan. As of 2015, the ultimate beneficial owners were Russian oligarchs Roman Abramovich (31.03%), chairman Alexander Abramov (21.59%) and CEO Aleksandr Frolov (10.78%) with the remaining 36.6% shares owned by other shareholders.
Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific.
Smurfit Westrock plc is an Irish-American company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.
Bank of Georgia Group PLC is a UK incorporated, Georgian financial services holding company with its registered office in London, England, and its corporate headquarters in Tbilisi, Georgia. Its legal predecessor, Bank of Georgia Holdings, was formed in the UK in October 2011 to combine the shares of the Bank of Georgia and its subsidiaries under one company for direct trading on the stock exchange.
London Stock Exchange Group plc, also known as LSEG, is a global provider of financial markets data and infrastructure. Headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.
Bunzl Public Limited Company is a British multinational distribution and outsourcing company headquartered in London, England.
DS Smith plc is a British multinational packaging business, headquartered in London. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.
Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited, is a commercial bank in Kenya and a subsidiary of South Africa-based Absa Group Limited. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.
Noventiq Holdings plc is an Information technology company focusing on digital transformation and cybersecurity. Headquartered in London, and incorporated in Cayman Islands, the company operates in roughly 60 countries in Western and Eastern Europe, Central and Southeast Asia, Latin America, India, and the Middle East.
Discovery Limited is a South Africa-based financial services group that is listed on the Johannesburg Stock Exchange (JSE) with its headquarters in Sandton.
Quilter plc, formerly known as Old Mutual Wealth Management Limited, is a British multinational wealth management company formed to take over the UK wealth management business of Old Mutual plc after its separation of business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The stock has a secondary listing on the Johannesburg Stock Exchange (JSE).
Ninety One is an Anglo-South African asset management business, based in London and Cape Town and dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange. It is a constituent of the FTSE 250 index.
Fairfiel Enterprises was a leading British-based machine distributor and supplier of tooling and support services to the printing and packaging industries. The company was taken over in 2000 by the Swiss company Bobst AG, a supplier of machinery and services to the packaging industry.