Mondi to permanently shut Bulgaria paper mill after fire
Packaging and paper group Mondi has decided to permanently close its Stambolijski paper mill, in Bulgaria, after a fire caused extensive damage to the 100 000 t/y brown kraft paper machine in September.
"After evaluating the options for repairing the mill and the ongoing investment required for the mill to remain competitive into the future, Mondi has concluded that closing the mill and serving customers out of its network of other kraft paper mills is the best course of action overall," the group says.
About 300 employees will be affected by the mill's closure.
Further, Mondi says there is expected to be an estimated €100-million in net closure costs, primarily related to a noncash asset impairment, which it will book as a special item.
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