Mondi

Mondi has its roots in South Africa where, in 1967, the company's former owner, Anglo American plc, built the Merebank Mill in Durban.{{cite web|url=http://www.tappsa.co.za/html_index_links/html_issue_5_2013/Feature_60%20years%20service.pdf|title=60 yearsof service|publisher=Tappsa Journal|access-date=25 March 2016|archive-url=https://web.archive.org/web/20160417141653/http://www.tappsa.co.za/html_index_links/html_issue_5_2013/Feature_60%20years%20service.pdf|archive-date=17 April 2016|url-status=dead}}

In 2000, the company increased its holdings in Neusiedler AG and Frantschach AG, both Austrian businesses, to 100% and 70% respectively.{{cite web|url=https://www.ots.at/presseaussendung/OTS_20000516_OTS0061/frantschach-gruppe-fixiert-kauf-von-25-fabriken-von-assidomaen|title=Frantschach Group fixes purchase of 25 factories from AssiDomän|date=15 May 2000|publisher=APA|access-date=21 April 2022}} 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.[http://www.paperandprint.com/archive/pmd/2002/03/3518.html Anglo American to invest US $250 million in Russian paper mill] {{Webarchive|url=https://web.archive.org/web/20120315015820/http://www.paperandprint.com/archive/pmd/2002/03/3518.html |date=15 March 2012 }} PMD, 18 March 2002

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).{{cite web|url=https://www.money.pl/gielda/wiadomosci/artykul/frantschach;chce;zmienic;nazwe;mondi;packaging;paper;swiecie,60,0,25660.html|title=Frantschach wants to change the name of Mondi Packaging Paper Świecie|date=25 April 2004|publisher=Money.pl|access-date=21 April 2022}}

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.{{cite web|url=https://www.reuters.com/article/anglo-mondi-idUKL0138879320070601|title=Anglo American to list Mondi unit on July 3|publisher=Reuters|date=1 June 2007|access-date=21 April 2022}}

In 2011, Mondi demerged Mondi Packaging South Africa (listed as Mpact on Johannesburg Stock Exchange).{{cite web|url=https://www.iol.co.za/business-report/economy/mpact-starts-slowly-after-mondi-demerger-1097244|title=Mpact starts slowly after Mondi demerger|date=12 July 2011|publisher=IOL|access-date=21 April 2022}}

In 2012, Mondi acquired Nordenia to extend its consumer packaging business.{{cite web|url=https://www.bloomberg.com/news/2012-07-11/mondi-buys-nordenia-to-extend-consumer-packaging-business-2-.html |title=Mondi Buys Nordenia to Extend Consumer Packaging Business|publisher= Bloomberg|date=11 July 2012|access-date=21 April 2022}}

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.{{cite web |title=Mondi appoints Peter Oswald as new chief |url=https://www.ft.com/content/c478a96e-e861-11e6-967b-c88452263daf|publisher=FT|date=1 February 2017|access-date=1 March 2019}}

In 2019, Mondi completed the simplification of its corporate structure from dual listed into a single holding company under Mondi plc.

On 1 April 2020, Andrew King succeeded Peter Oswald as Mondi Group's chief executive officer.{{Cite web|title=Andrew King to be appointed Mondi Group Chief Executive Officer|url=https://www.papnews.com/andrew-king-to-be-appointed-mondi-group-chief-executive-officer/|website=Pap News|date=19 February 2020 |language=en|access-date=11 August 2020}}

On 4 May 2022, Mondi announced plans to divest from its Russian assets.{{Cite news |date=2022-05-04 |title=UK packaging firm Mondi to sell Russian assets |language=en |work=Reuters |url=https://www.reuters.com/business/uk-packaging-firm-mondi-sell-russian-assets-2022-05-04/ |access-date=2022-05-06}} However, in December 2022, The Times reported than the sale of its Russian assets was "still awaiting approval".{{cite news|url=https://www.thetimes.com/article/which-companies-in-russia-unilever-moscow-n5wxrmdn9|title=BP, HSBC and Unilever said they'd quit Russia in March, so why are they still there?|newspaper=The Times|date=3 December 2022|access-date=4 December 2022}} In February 2023 Mondi was added to Ukraine International Sponsors of War list.{{cite web |title=Ukraine: Govt. names 13 intl. companies sponsors of war due to their continued operations in Russia |url=https://www.business-humanrights.org/en/latest-news/ukraine-govt-names-13-western-cos-international-sponsor-of-war-over-their-continued-operations-in-russia/ |date=10 February 2023}} 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.{{cite news|url=https://www.packaging-gateway.com/news/mondi-withdraws-syktyvkar-facility/|title=Mondi withdraws from deal to sell Syktyvkar facility in Russia|date=6 June 2023|newspaper=Packaging Gateway|access-date=19 July 2023}} However, in September 2023, the sale was completed and Mondi confirmed that it no longer trades in Russia.{{cite web |url=https://www.morningstar.co.uk/uk/news/AN_1696415522106066600/mondi-completes-exit-from-russia-as-inks-syktyvkar-sale.aspx|title=Mondi completes exit from Russia as inks Syktyvkar sale|newspaper=Morning Star|date=4 October 2023|access-date=8 November 2023}}

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.{{Cite web |last=Singsit |first=Jangoulun |date=2023-01-13 |title=Mondi closes acquisition of Duino paper mill near Trieste, Italy |url=https://www.packaging-gateway.com/news/mondi-duino-italy/ |access-date=2023-01-13 |website=Packaging Gateway |language=en-US}}

In March 2024, the company made an agreed offer worth £5.1 billion to acquire DS Smith.{{cite news|url=https://www.heraldscotland.com/news/national/24171855.ds-smith-shares-lift-mondi-takeover-deal-agreed/|title=DS Smith shares lift after Mondi takeover deal agreed | newspaper=The Herald|date=8 March 2024|access-date=9 March 2024}}

{{reflist}}

• [http://www.mondigroup.com/ Official site] {{Webarchive|url=https://web.archive.org/web/20161205161513/http://www.mondigroup.com/ |date=5 December 2016 }}

{{FTSE 100 Index constituents}}

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Category:Pulp and paper companies of South Africa

Category:Manufacturing companies established in 1967

Category:Pulp and paper companies of the United Kingdom

Category:1967 establishments in South Africa

Category:Companies listed on the Johannesburg Stock Exchange

Category:Companies listed on the London Stock Exchange

Category:Companies in the FTSE 100 Index

Category:Companies in the FTSE/JSE Top 40 Index

Category:Packaging companies of South Africa

Category:Former dual-listed companies