Mondi completes acquisition of Hinton (AB) Pulp mill in Canada for US$5 million
Mondi Group, a global leader in sustainable packaging and paper, has completed the acquisition of the Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for US$5 million. The mill supports growth in Mondi's Americas paper-bags business.
The mill has the capacity to produce around 250,000 tonnes of pulp per year and will provide the group with access to local, high-quality fiber from a well-established wood basket as part of a long-term partnership with West Fraser.
Mondi intends to invest in the mill to improve productivity and sustainability performance and, subject to pre-engineering and permitting, invest in expanding the facility primarily with a new kraft-paper machine which will integrate its paper-bag operations in the Americas to support future growth.