Mondi Packaging has announced a decision to locate its headquarters in Vienna rather than London following a merge between Mondi Packaging and Austrian Frantschach. Frantschach’s outgoing CEO Veit Sorger said the decision was a sign of confidence from the British-South African owners. The merged companies, which include Mondi Business Paper (formerly Neusiedler), together turn over five billion euros a year. Sorger’s successor Peter Oswald said that due its international nature, Mondi Packaging will be “Austria’s most attractive employer.” He said he hopes to build up “an international community” around his 40 member team that already includes 13 different nationalities. Mondi Packaging employs 14,000 people and is the world’s leading producer of industrial sacks. The Mondi Group is a subsidiary of the Anglo-American Group, whose main business is mining.
Published under Cement News