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Mondi Commissions STEP project at Syktyvkar Mill in Russia

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Mondi Group, central Europe, Russia and South Africa, has completed the final phase of modernizing its Syktyvkar mill in Russia, following the commissioning of the recovery boiler and rebuilt containerboard machine there this week. An earlier phase of the project completed during November 2008 saw 60,000 metric tons of uncoated wood free production delivered to the market. Construction of the project commenced in April 2008 and completion has been on schedule.

The modernized mill not only enhances the Group's low cost position, but allows for additional volume of containerboard and uncoated fine paper to be supplied to the high growth domestic Russian market.

With key operations across 31 countries and revenues of EUR 5.3 billion in 2009, Mondi's employs some 31,000 people. The Group is principally involved in the manufacture of uncoated fine paper, packaging paper, and converted packaging products, as well as specialty products.