Mondi invests in energy projects as it targets 97.5% self-sufficiency


“Pulp and paper group Mondi on Thursday confirmed it had put aside €170-million in capital expenditure for energy and debottlenecking projects, with the aim of achieving 97.5% energy self-sufficiency across its operations.

“These are all low-risk, high-value-generating projects, with expected returns of more than 40% likely to be delivered over the next two to three years. This includes a new steam turbine at the Richards Bay operation,” Mondi CEO David Hathorn said during the group’s full-year 2011 financial results presentation.”