Mondi will open its new state-of-the-art paper bags plant in Cartagena, Colombia in January 2021. It will be Mondi’s first operation in South America, reinforcing the group’s strength as a global paper bags supplier with a wide local footprint. The new plant will enable Mondi to improve and grow its services to better serve customers in the region. South America is home to more than 250 cement plants requiring up to two billion cement bags per year. Cartagena is a strong location for the new plant, set up in a free-trade zone with good access to ports in Panama, the east coast of the United States, the Gulf of Mexico and other Caribbean ports. "Our global network already includes 39 plants across 22 countries. We are excited to be expanding our footprint to Colombia, helping us to provide innovative, sustainable and customer-focused paper packaging solutions to customers in South America who share our commitment to quality." Claudio Fedalto, Chief Operating Officer Paper Bags, Mondi
Huhtamaki has completed the acquisition of Ajanta Packaging’s business in India. Ajanta Packaging is a manufacturer of pressure sensitive labels in India. The annual net sales of the acquired business are approximately EUR 10 million and it employs altogether 170 people. The debt free purchase price was approximately EUR 13 million. The business will be reported as part of the Flexible Packaging business segment as of June 1, 2018.