Mondi to Close Stambolijski Mill After Devastating Fire

Mondi plc (GB:MNDI) has released an update.

Mondi plc has announced the permanent closure of its Stambolijski paper mill in Bulgaria after a fire caused significant damage, making it unfeasible to repair and maintain competitiveness. This decision, impacting around 300 employees, will incur approximately €100 million in closure costs, largely due to asset impairment. The company plans to serve customers through its other kraft paper mills worldwide.

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