ANDRITZ successfully starts up new recycled fiber line at Heinzelpaper Laakirchen, Austria

*Net earnings of $235 million ($0.68 per diluted share); Adjusted operating earnings* (non-GAAP) of $204 million ($0.59 per diluted share) *$55 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $120 million *Cash provided by operations of $528 million, bringing year-to-date to $873 million; Free cash flow** (non-GAAP) of $265 million year-to-date 2023 *Returned $200 million to shareholders through $40 million share repurchases and $160 million in dividends, bringing year-to-date to $519 million

Mondi, a global leader in sustainable packaging and paper, has been recognised with multiple awards at this year’s Crescents and Stars for Packaging competition in Türkiye. These accolades affirm Mondi’s position as a leading packaging solutions provider that meet customer needs while simultaneously pushing the boundaries of sustainability and design. "Each of our award-winning products reflects our strategy to integrate customer feedback into our design process, ensuring that we address both the practical and environmental challenges our clients face. This recognition fuels our drive to continue innovating and leading the industry towards more sustainable and effective packaging solutions," added Armand Schoonbrood, COO Mondi Corrugated Solutions.

TC Transcontinental Packaging, the Packaging Sector of TC Transcontinental, announces an investment of $60M US (approximately $80M CAD) toward the development of cutting-edge mono-material recyclable flexible plastic packaging solutions, providing high-performance polyethylene films with more heat resistance. In addition to a new innovative film line that will produce biaxially oriented polyethylene (BOPE), a first in North America, the investment includes ancillary equipment and a 120,000 sq. ft building expansion in TC Transcontinental Packaging’s Spartanburg, South Carolina facility. “This new offering will be a game changer in TC Transcontinental's recyclability journey, demonstrating our commitment to distinguish ourselves and gain market share with innovative sustainable solutions for our customers,” said Thomas Morin, President and CEO of TC Transcontinental. “Our offering aligns with our customers’ desire to accelerate speed to market with recyclable products that also protect and preserve their contents throughout their lifecycle, in addition to creating a more circular economy for plastic.”