# Mondi acquires two paper bag lines from Helwan Cement and InterCement Sacs in Egypt

Mondi Paper Bags acquired two paper bag production lines from Helwan Cement Company and InterCement Sacs in Egypt, increasing capacity by 60-80 million bags annually, and signed exclusive long-term supply agreements with both cement producers.

- Type: Acquisition
- Announced: 2020-09-14
- Where: Egypt, Egypt
- Status: completed
- Capacity: 60-80 million bags annually
- Products: paper bags
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Mondi Group](https://endata.com/companies/896.md) (acquirer)
- [Helwan Cement Company](https://endata.com/companies/28142.md) (target)
- [InterCement Sacs](https://endata.com/companies/48899.md) (target)

## Sources

- [industryhq.com](https://industryhq.com/constructionhq/articles/constructionhq-mondi-acquires-two-paper-bag-lines-and-signs-exclusive-supplier-agreements-with-leading-cement-producers-in-egypt-1902), 2020-09-14: "We are excited to have signed long-term supply agreements with two of our biggest customers in Egypt further securing our position in the Middle Eastern market."

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