# Mondi approves €470M modernisation and expansion of Steti mill

Mondi Group approved a €470 million investment to modernise and expand the Steti mill in the Czech Republic. The project includes a new recovery boiler, rebuilt fibre lines, debottlenecking of paper machines, and a new 90,000 tonnes per annum machine glazed kraft paper machine.

- Type: Investment
- Announced: 2017-01-25
- Where: Steti, Czechia
- Value: $505.0M (470.0M EUR)
- Starts operating: Q4 2018
- Status: announced
- Capacity: 90,000 tonnes per annum machine glazed kraft paper; 130,000 tonnes per annum additional pulp; 55,000 tonnes per annum incremental packaging paper
- Products: machine glazed kraft paper, packaging paper, pulp
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Mondi Group](https://endata.com/companies/896.md)

## Sources

- [mondigroup.com](https://www.mondigroup.com/news-and-insight/2017/modernisation-and-expansion-of-steti-mill/), 2017-01-25: "The Mondi Boards have approved the modernisation and expansion of the Steti mill for a total investment of €470 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.