Mondi acquires Uralplastic to further its commitment to the Russian market

Uralplastic operates one plant near Ekaterinburg, in the Ural region of Russia, and manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The company serves both local and international customers.

Peter J. Oswald, CEO of Mondi Europe & International, commented: ‘The acquisition enables us to strengthen the service we provide to our existing customers in this growing market and it gives us the opportunity to broaden our customer base in the region.

‘Mondi has strong experience in Russia and a clear commitment to this market. We already have around 5,700 employees in Russia across our mill in Syktyvkar (producing uncoated fine paper and containerboard), our packaging plant in Pereslavl (producing multi-layer printed packaging materials for consumer products) and our sales offices in Moscow.’

Alexey Goncharov, co-owner of Uralplastic, said: ‘I’m proud of what we’ve achieved with Uralplastic. It has grown significantly over the years and it now joins a reputable international group that will ensure the future success of the business.’

‘We are excited to welcome the Uralplastic team and we look forward to exchanging knowledge and expertise with our new colleagues,’ concluded Oswald.