Business News
Mondi confirms sale of Mondi Niedergösgen to Model Group
Monday 29. December 2008 - Mondi today confirms that it has signed an agreement to divest its Swiss subsidiary, Mondi Niedergösgen, to the Model Group on 1 January 2009.
Mondis operation produced approximately 160,000 tons of recycled containerboard during 2008 and as part of the agreement, all 90 employees from Mondi Niedergösgen will be transferred to the new owner.
The sale is in line with Mondis key strategy to concentrate on low-cost, integrated paper mills.
The Model Group is a Swiss based family-owned company, manufacturing containerboard, corrugated packaging and folding boxes.