Mondi acquires paper bag converting lines from Lafarge Cement Egypt subsidiaries
Published by Emily Thomas,
Deputy Editor
World Cement,
Mondi Paper Bags, part of Mondi Group, has acquired the paper bag converting lines from National Bag and Egypt Sack, two subsidiaries of Lafarge Cement Egypt, a major cement producer in the country. The acquired production lines will increase Mondi’s capacity by around 150 –180 million bags annually and strengthen Mondi's position in the Egyptian paper bag market.
Mondi Paper Bags already operates two plants in Egypt and with this acquisition will become a key supplier of paper bags to Lafarge Cement Egypt.
“Lafarge Cement Egypt is part of leading global building material company Holcim Group who has been a key global customer of Mondi Paper Bags for years. We are excited to have signed a long-term supply agreement with Lafarge Cement Egypt and to servicing them locally in Egypt. The collaboration will offer Lafarge access to our latest innovations, industry expertise, strong plant network and customer service. Thanks to Mondi’s vertical integration, Lafarge will further benefit from our high-quality Kraft paper,” said Claudio Fedalto, Chief Operating Officer of Mondi Paper Bags
“We are pleased to now expand Holcim's and Mondi's global and long-standing cooperation also to Egypt and are looking forward to jointly serving the building industry in the region,” said Solomon Baumgartner Aviles, CEO, Lafarge Cement Egypt.
Read the article online at: https://www.worldcement.com/africa-middle-east/14042022/mondi-acquires-paper-bag-converting-lines-from-lafarge-cement-egypt-subsidiaries/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
World’s largest calcined clay plant in Ghana starts production
Heidelberg Materials and CBI Ghana Ltd have completed the construction of the largest industrial-scale flash calciner for clay worldwide.