Mondi has taken home a Hungaropack award for its sustainable paper-based FlexiBag at this year’s contest organised by the Hungarian Association of Packaging and Materials Handling. Mondi’s FlexiBag is made from renewable paper resources and enhanced with a functional plastic barrier ensuring premium product protection. The packaging impressed the jury with its potential to minimise plastic waste across numerous industries and sectors, most notably for dry perishable goods. In addition, the paper-based FlexiBag was recognised for its high-quality flexoprinting quality, which offers brands great shelf appeal. "We are honoured that this award acknowledges Mondi’s drive to deliver packaging that is sustainable by design. It is a testament to our EcoSolutions approach that puts our customers’ unique needs and environmental objectives at the heart of every project. Our paper-based FlexiBag is a direct result of this and a great example of impactful innovation as its adoption contributes to a better world." Sandor Kardos, Managing Director Mondi Békéscsaba

Through continued innovation and collaboration with brand owners, Ahlstrom has identified specific technology enabling highly developed base papers – the key to solving the barrier requirements in flexible packaging, while still utilizing the inherent end-of-life benefits that paper has to offer. Ahlstrom has the unique set of capabilities and wide breadth of technical applications to allow them to develop some of the strongest performing base papers available. “Paper substrates can be engineered to exploit the inherent value of cellulose itself,” explained Zack Leimkuehler, Vice President Business Development for Ahlstrom. “Cellulose by itself is a very good barrier, and highly developed base papers can deliver barrier properties.” Paper is an ideal material for flexible packaging applications, and already has a broad field-of-use from good flexibility and folding characteristics to printabilty. Paper is easily sealable and glueable, laminating well to other structures. In addition, paper functions effectively through challenging converting processes.

Q2 2022 Highlights *Sales of $1,119 million (compared with $1,038 million in Q1 2022 and $956 million in Q2 2021) *Operating income (loss) of $32 million (compared with $(4) million in Q1 2022 and $23 million in Q2 2021) *Operating income before depreciation and amortization (OIBD) of $95 million (compared with $56 million in Q1 2022 and $87 million in Q2 2021) *Net earnings per common share of $0.10 (compared with net loss per common share of ($0.15) in Q1 2022 and net earnings per common share of $0.02 in Q2 2021)