"Our objective is to increase pulp production, produce more green energy and further improve our carbon dioxide footprint. We are pleased that the Slovakian government is supportive of our long term presence in the country, which played an important role in our decision making," said Peter J. Oswald, CEO of Mondi's Europe and International division.
The new recovery boiler will be constructed over a two-year period with expected start up in the fourth quarter of 2014.
Peter Orisich, CEO of Mondi's Uncoated Fine Paper business, said that "Mondi has invested more than EUR 350 million in the mill over the past ten years to drive innovative production and operational improvements. This investment continues the development of Mondi SCP into a state-of-the-art facility in Slovakia."
Mondi SCP is the largest integrated mill producing pulp and paper in Slovakia, with pulp production exceeding 500,000 metric tpy and uncoated fine paper production at 535,000 metric tpy. It is an international packaging and paper group, with production facilities across 29 countries and revenues of EUR 5.7 billion in 2011. The Group mainly produces packaging paper, converted packaging products, and uncoated fine paper. It has key operations in central Europe, Russia, and employs some 23,400 people.
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