Mondi acquires production assets of Lafarge Cement Egypt to strengthen its position in the region
Mondi Paper Bags, part of Mondi Group, 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 Mondi’s position in the Egyptian paper bag market.
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 who has been a key global customer of Mondi Paper Bags for years. We are excited to have signed a long-term supply agreement with Lafarge Cement Egypt and to servicing them locally in Egypt. The collaboration will offer Lafarge access to our latest innovations, industry expertise, strong plant network and customer service. 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, CEO, Lafarge Cement Egypt.