Mondi plc announces that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest LLC for a total cash consideration of RUB 80 billion to be paid in a series of instalments as set out below. The Business employs approximately 4,500 people and is a leading provider of uncoated fine paper and containerboard to the domestic Russian market.
Phoenix Paper is pleased to announce the launch of their new product line, Phoenix Inkjet. Fall of 2022, Phoenix Paper entered the Inkjet paper market, offering Phoenix Premier™, a treated inkjet sheet, and Phoenix Preferred™, an untreated inkjet sheet to Commercial Inkjet Printers. Phoenix Paper completed the launch of their Inkjet line in March of 2023 with their 7pt. and 9pt. treated Phoenix Premier™ Grades.
Field trials were conducted on each Phoenix Inkjet grade at OEMs and commercial ink jet locations to ensure the products met the paper applications required by end users. Phoenix Paper Field Tech Representatives were involved in the quality trials at major OEMs and the paper scored high in all categories.
The Phoenix Inkjet line offers quality products to Commercial Printing customers where the demand for personalization and shorter press runs is growing. According to Phoenix Paper Sales Director Tom Umenhofer, “The development of our Inkjet line by our experienced and talented paper engineers will give printers the ability to run a premium inkjet grade which has demonstrated superb on-press performance for crisp printing images.”