At EUR 2,181.4 million, the consolidated sales of the group were slightly below the previous year's figure (H1 2022: EUR 2,218.5 million). A decrease in the MM Board & Paper division, which was mainly due to volume, was offset by an increase in the MM Packaging division due to acquisitions and prices. The operating result fell by EUR 181.0 million from EUR 285.0 million to EUR 104.0 million. This decline is mainly due to extensive shutdowns at MM Board & Paper due to market and remodeling. The Group's operating margin was therefore 4.8% (H1 2022: 12.8%). The profit for the period fell from EUR 205.8 million to EUR 63.3 million.
The certification underpins Mondi’s MAP2030 (Mondi Action Plan 2030) sustainability commitment to make 100% of its packaging and paper products reusable, recyclable, or compostable by 2025, ensuring a sustainable end-of-life for all paper and packaging products. While recyclability remains Mondi’s focus to keep fibres in circulation, composting can be a viable end-of-life option for certain applications, such as those disposed in the biowaste stream.
Mondi’s kraft papers are made from renewable and certified sources, which can support customers to achieve their own sustainability targets. Customers can benefit from a comprehensive product range to meet requirements for industrial packaging, shopping bags for retailers and attractive food packaging for supermarket shelves.
An example of Mondi’s compostable kraft papers is Advantage MF EcoComp, which is specifically designed for household and agricultural use and is used for paper bags for wet organic household waste. Another example is Mondi’s EcoVantage kraft paper, which combines fresh and recycled fibres for sustainable and food compliant shopping packaging.
more at: https://www.mondigroup.com/news-and-insight/2023/mondis-entire-portfolio-of-kraft-papers-for-packaging-certified-compostable/