Boxes to become costlier as UK packaging firm Mondi raises prices

LaToya Harding·Writer

Thu, 7 October 2021, 5:01 pm·2 min read

The FTSE 250 company said it was hiking its prices to tackle inflationary pressures. Photo: Igor Golovniov/SOPA/LightRocket via Getty Images

British multinational packaging firm Mondi (MNDI.L) has revealed that its fourth quarter will be impacted by recent increased costs.

The FTSE 250 company said it was hiking its prices to tackle inflationary pressures that would affect the business, but said demand for its products was strong.

In a short update, it said planned maintenance and a project-related shutdown of the Richards Bay plant in South Africa would also affect performance, with extra charges of €70m (£60m, $81m) expected.

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