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12/10/2012
14:33
M&A: Two companies to be merged into Mondi Syktyvkar

Two companies will be merged into OJSC Mondi Syktyvkar, the latter informed.

In particular, OJSC Ezhva and OJSC Lesnaya Kompaniya Mondi SLPK will be restructured through the merger into OJSC Mondi Syktyvkar.

OJSC Mondi Syktyvkar (tax number: 1121003135) is part of the Mondi Uncoated Fine Paper business unit. The enterprise located in Syktyvkar specializes in the production of office and offset paper, newsprint paper, cardboard for top liners for corrugated board packaging. The company employs the Snegurochka brand (office paper).

Mondi Uncoated Fine Paper is a business unit of Mondi Group, a global manufacturer of office and packaging paper. It produces office and printing paper at three enterprises in Europe and one in South Africa strictly complying to the environmental regulation.

The company's brands Color Copy, IQ, Maestro, Nautilus, Bio Top 3 and Snegurochka present paper for printing brochures, folders, invitations, business cards, forms, and other high-quality printed products using both laser / ink-jet printers, and professional printing equipment.

Mondi is an international paper and packaging production group. The company's enterprises are located in 31 countries of the world. Its 2010 income amounted to 6.2 billion Euro. The company's main production capacities and interests are concentrated in Western / Eastern Europe, Russia and South Africa.

Mondi Group specializes in the production of uncoated fine paper, packaging paper, corrugated packaging, and produces proprietary items.

Mondi securities are listed on two stock exchanges, with a primary listing on JSE and LSE under the tickers MND (JSE) and MNDI (LSE).

According to the information and retrieval system DataCapital, net profit (RAS) of Mondi Syktyvkar for H1 2012 decreased by 34% to RUB 1.267 billion from RUB 1.93 billion the year before. Revenue increased by 0.4% to RUB 14.732 billion from RUB 14.668 billion. GP decreased by 20.8% to RUB 4.408 billion from RUB 5.82 billion, pre-tax profit by 36% to RUB 1.648 billion from RUB 2.58 billion.


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