Mondi Syktyvkar launches Forest of the Future project

Russia, Aug 17, 2011 - Last month Mondi Syktyvkar launched the large-scale Forest of the Future project to further strengthen its forestry operations. The program is scheduled to close in 2013.

"The aim of the project is to bring our timber business to the next level by increasing the efficiency and profitability of our forestry operations," said Mondi Syktyvkar Managing Director Gerhard Kornfeld. According to Mr. Kornfeld, the Forest of the Future project will further the achievements made in mill’s sustainable forestry operations during the past three years and create a single competitive and balanced system that follows a distinctive strategy. The anticipated outcomes: improved efficiency and an integrated supply chain. Key pillars of this project are Lesnaya Kompaniya (logging), Ezhvatrans (transport) and Ezhvadorstroy (road construction).

The breadth of the project covers the entire wood supply system from Mondi Syktyvkar leased forests to the preparation of raw wood for the pulp flow. It will also include all forestry subsidiaries and associated companies of Mondi Syktyvkar.

"The project will help us to preserve our strategic advantage in Syktyvkar and ensure the sustainability of the forestry operations. In this case, we will focus on using up-to-date methods of forest management," said Klaus Peller, Mondi Syktyvkar member of the board responsible for forestry.

About Mondi Uncoated Fine Paper
Mondi Uncoated Fine Paper is a business unit of Mondi, a leading international paper and packaging company. In 4 paper mills in Europe, Russia and South Africa, Mondi Uncoated Fine Paper produces office and professional printing papers with the environment in mind. It complies with the strictest international certification standards and regularly earns recognition for this policy such as the #1 position in WWF’s 2010 Paper Company Environmental Index and the 2010 PPI Award for Mondi SCP Mill’s Environmental Strategy of the Year.

Its renowned brands such as Color Copy, DNS®, IQ, MAESTRO®, NAUTILUS®, BIO TOP 3® or Snegurochka are used in office environments on laser or inkjet printers and by professional printers on digital or offset presses to create brochures, transactional material, folders, invitations, business cards, letterheads or other high-impact communication.

About Mondi
Mondi is an international paper and packaging Group, with production operations across 31 countries and revenues of €6.2 billion in 2010. The Group’s key operations are located in Central Europe, Russia and South Africa and as at the end of 2010, Mondi employed 29,000 people.

Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging papers into corrugated packaging, industrial bags and coatings.

The Group is principally involved in the manufacture of packaging paper, converted packaging products and uncoated fine paper (UFP).

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group has been recognised for its sustainability through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008, 2009 and 2010 and the JSE’s Socially Responsible Investment (SRI) Index in 2007, 2008, 2009 and 2010.