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The Independent UK
The Independent UK
Business
Anna Wise

Mondi shares tumble to 12-year low after flagging ‘challenging’ conditions

Mondi
UK paper and packaging giant Mondi has agreed to sell its largest Russian plant (Igor Golovnov/Alamy/PA) - (Igor Golovnov/Alamy)

Shares in global paper producer Mondi have plunged to a 12-year low after reporting weak demand and lower prices weighing on trading over recent months.

The company, which is listed on London’s FTSE 100 index, said “challenging” conditions were set to persist for the rest of the year.

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