Menasha, Wisconsin, November 18th, 2010 Mondi Akrosil LLC has received regulatory clearance and has successfully completed the previously announced deal with Nitto Americas regarding their facility (to be named Mondi Pleasant Prairie) in Pleasant Prairie, Wisconsin.
The new state-of-the-art facility strengthens Mondis offering for specialized release liner in North America and provides ample room for expansion. This investment benefits our customers as we significantly enhance our overall production portfolio and allows us to offer further print capabilities for hygiene and film, Thomas K. Schbinger, CEO of Mondi Coatings, adds.
Mondi Pleasant Prairie adds nearly 450 million square meters of highly competitive capacity and provides ample room for expansion. With now three release liner facilities in Wisconsin and Ohio, Mondi continues to optimize synergies between the plants while at the same time shortening development cycles due to improved focus on individual technical expertise in each plant.
Mondi Coatings, a Business Unit of the Europe & International Division, is an innovative supplier of plastic- and paper-based materials, providing technologies such as extrusion coating, laminating, siliconising and printing.
The product range covers efficient barrier materials for industrial papers, technical products as well as applications for the food- & non-food industry. Customized release liner for the pressure sensitive adhesives industry completes the portfolio.
Through its transatlantic production and worldwide sales network Mondi Coatings provides global customer service and continues to drive innovation in the industry.
Mondi is an international paper and packaging company, with production operations across 31 countries and revenues of 5.3 billion in 2009. The Groups key operations are located in Central Europe, Russia and South Africa and employed 31,000 people on average in 2009.
Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging papers into corrugated packaging and industrial bags.
The Group is principally involved in the manufacture of uncoated fine paper (UFP), packaging paper and converted packaging products, as well as specialty products.
Mondi is a dual listed company, with primary listings on the Johannesburg and London stock exchanges under the ticker codes MND (JSE) and MNDI (LSE) respectively. The Group has been recognized for its sustainability performance through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008 and 2009 and the JSEs Socially Responsible Investment (SRI) Index in 2007, 2008 and 2009.