Mondi acquires paper bag lines from Lafarge Cement Egypt subsidiaries
Mondi Group’s Mondi Paper Bags business unit has purchased paper bag converting lines from National Bag and Egypt Sack, two subsidiaries of Lafarge Cement Egypt. The addition of the production lines will increase Mondi’s annual capacity by approximately 150 to 180 million bags.
Claudio Fedalto, COO of Mondi Paper Bags, said: “Lafarge Cement Egypt is part of Holcim Group, a global leader in building materials, which has been a key global customer of Mondi Paper Bags for years.
“We are delighted to have signed a long-term supply agreement with Lafarge Cement Egypt and to serve them locally in Egypt.
“This collaboration will give Lafarge access to our latest innovations, our industrial expertise, our strong network of factories and our customer service.
“With the vertical integration of Mondi, Lafarge will benefit more from our high quality Kraft paper.”
The acquisition aims to strengthen Mondi Paper Bags’ position in the Egyptian paper bag market. The company already operates two factories in the country. Additionally, Mondi Paper Bags will become a key paper bag supplier for Lafarge Cement Egypt.
Lafarge Cement Egypt CEO, Solomon Baumgartner Aviles, said: “We are delighted to now extend the longstanding global cooperation between Holcim and Mondi also to Egypt and look forward to jointly serving the construction industry. In the region.
Published under Cement News