Mondi acquires production assets of Lafarge Cement Egypt

It will increase the capacity by around 150-180 million bags annually

80
Mondi has acquired production assets of Lafarge Cement Egypt to strengthen its position in the region Photo: Mondi
Mondi has acquired production assets of Lafarge Cement Egypt to strengthen its position in the region Photo: Mondi

Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired the paper bag converting lines from National Bag and Egypt Sack, two subsidiaries of Lafarge Cement Egypt, a major cement producer in the country. The acquired production lines will increase Mondi’s capacity by around 150-180 million bags annually and strengthen its position in the Egyptian paper bag market.

Printpack Showdaily

Mondi to supply paper bags to Lafarge Cement Egypt

Mondi Paper Bags already operates two plants in Egypt and, with this acquisition, will become a key supplier of paper bags to Lafarge Cement Egypt.

“Lafarge Cement Egypt is part of leading global building material company Holcim Group, a key global customer of Mondi Paper Bags for years. We are excited to sign a long-term supply agreement with Lafarge Cement Egypt and service them locally in Egypt. The collaboration will offer Lafarge access to our latest innovations, industry expertise, strong plant network and customer service. In addition, thanks to Mondi’s vertical integration, Lafarge will further benefit from our high-quality kraft paper,” said Claudio Fedalto, chief operating officer of Mondi Paper Bags.

“We are pleased to now expand Holcim’s and Mondi’s global and long-standing cooperation also to Egypt and are looking forward to jointly serving the building industry in the region,” said Solomon Baumgartner Aviles, chief executive officer, Lafarge Cement Egypt.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here