Mondi Enters Canadian Market with Acquisition of Hinton Pulp; COO Visits Mill

The Hinton pulp mill is located in Alberta, Canada, and has the capacity to produce around 250,000 tonnes per year of unbleached kraft pulp (UKP).

March 20, 2024 - Mondi today brought local employees, elected officials and Roman Senecky, Mondi's Chief Operating Officer for Kraft Paper, together to celebrate the completion of the Hinton Pulp mill acquisition announced in February.

Mondi acquired the mill from West Fraser Timber Co. for a total consideration of USD 5 million.

Mondi intends to invest in the mill to improve productivity and sustainability performance and, subject to pre-engineering, permitting and market development, expand the mill with a new kraft paper machine, capable of producing 200,000 tonnes of kraft paper annually for sustainable packaging solutions, fully integrating Mondi's Paper Bags operations in the Americas.

"The acquisition together with the intended investment and expansion in the mill is a significant step forward for Mondi as we bolster our presence in North America, reaffirming our dedication to innovation and sustainability," Senecky remarked, adding that "the strategic location will provide us with access to local, high-quality fibre from a well-established wood basket, supporting expansion plans to meet future demand for sustainable packaging solutions."

According to Mondi, in addition to driving profitable growth, investment in the mill will unlock new opportunities for existing employees and generate job prospects for the local community and adjacent businesses, contributing to the region's economic advancement.

Paul DiJulio, Managing Director of Mondi Hinton, emphasized the benefits for the community.

"We are excited to remain part of the dynamic Hinton community and are steadfast in our commitment to enhance relationships with local stakeholders," DiJulio said. "Our aim is to collaborate closely to ensure economic security for the mill, contributing positively to the growth and vitality of the region."

Hinton's Mayor, Nicholas Nissen, added, "This exciting partnership marks a bright future for Hinton. We've signed two, 20-year agreements with Mondi for additional investments, upgrading the pulp mill and ensuring essential services like water supply and sewage treatment."

Mondi is a global leader in packaging and paper. The Group is integrated across the value chain — from managing forests and producing pulp, paper and films, to developing and manufacturing sustainable consumer and industrial packaging solutions using paper where possible, plastic when useful.

SOURCE: Mondi plc