Mondi put in a "very robust" performance in the year to December 2017, pushing all major earnings indicators upwards as it set itself up to reap the benefits of a massive capital expenditure programme. The best returns for the integrated international pulp, paper and packaging group came from its consumer packaging products. These included packaging for foods and animal nutrition, mainly sold in Europe but also the US, China and Thailand. "[The result] for 2017 was an industry-leading performance," CEO Peter Oswald said on Friday. He said 2018 had started well for the group and 2019 promised more. Three years of expansionary capital spending from 2017 of €750m would see further bottom-line benefits between 2019 and 2021. The group had targeted fast-growing emerging markets in Europe and further afield, including Turkey and Russia. "The real highlight is the good growth pipeline from 2019 onwards," Oswald said. He said the group continued to address capacity restraints to facilitate ...
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