The European Commission approved investment aid to paper manufacturer Mondi SCP in Slovakia

Mondi CSP
Photo: Mondi CSP a.s.

The European Commission has found Slovakia’s EUR 49 million investment aid to Mondi SCP, a paper and pulp manufacturer, to be in line with EU state aid rules.

According to the announcement, the investment aid granted by Slovakia will support Mondi SCP’s plans to invest EUR 310 million to introduce in its existing plant in Ružomberok the production of corrugated case material. Corrugated case material is used for the production of corrugated board, which is then processed into boxes.

The project is expected to create 105 direct jobs. Ružomberok is located in the Žilina region, in Stredné Slovensko, an area eligible for regional aid (Art. 107(3)(a) of the Treaty on the functioning of the European Union).

Within the expansion, Mondi SCP will extend its pulp production capacity in the plant and install a new paper machine.

Mondi SCP is located in the city of Ružomberok. It is one of Mondi’s largest plants and is the biggest integrated mill producing paper and pulp in the Slovak Republic, with a production capacity of 560,000 tonnes of uncoated fine paper, 66,000 tonnes of packaging paper and 100,000 tonnes of market pulp.

Earlier Mondi Industrial Bags plants in North America won the Paper Shipping Sack Manufacturers’ Association (PSSMA) awards for plant safety in recognition of the “Best annual safety experience”.

About Mondi Group:

The company is an international packaging and paper group, employing around 25,000 people across more than 30 countries. Its key operations are located in central Europe, Russia, North America and South Africa. The company offers over 100 packaging and paper products, customised into more than 100,000 different solutions for customers and end consumers. In 2015, Mondi had revenues of EUR 6.8 billion and a return on capital employed of 20.5%.

Source: Woodbizforum