Mondi plc has announced that it has completed the acquisition of the Duino mill near Trieste, Italy, from the Burgo Group for a total consideration of €40 million.
Mondi announced it would invest approximately €5 million in a new research and development (R&D) facility, at Mondi Steinfeld in Germany. The group hopes the new center will support customers by helping them to develop solutions that achieve their sustainability goals.
Additionally, in September Mondi opened its first recycling laboratory at its Frantschach mill in Austria to test the recyclability of paper and paper-based packaging using non-paper components, such as coatings. Group claimed that conducting recycling tests in-house will speed up the process of developing sustainable packaging.