Mondi Mergers and Acquisitions Presentation Deck
INDUSTRY FUNDAMENTALS: EUROPEAN UNCOATED
WOODFREE PAPER
Demand
European uncoated woodfree demand grew by 3%
per annum in the period from 2000 to 2006, driven by
strong growth in the office paper segment of around
4% per annum(¹)
Within the office paper segment, growth mainly
attributed to strong growth in Emerging Europe.
Growth in Emerging Europe was around 7% over
2005-2006(2)
Moderate demand growth anticipated to continue,
with Emerging Europe exhibiting the strongest
growth in the region albeit at lower levels than
experienced over the 2000 to 2006 period
3% demand growth on total 2006 demand of around
11.8Mt represents around 0.35Mt
Supply
Announced European capacity closures in 2006 of
180Ktpa, with further closures of 540Ktpa announced
for 2007
Global capacity is expected to grow in line with
demand, with most new capacity planned for Asia in
response to strong Chinese demand growth.
€/tonne
1,200
1,100
1,000
900
800
700
UCWF
mondi
600
(3)
2001 2002 2003 2004 2005
Only announced major expansion in Europe is a new
500Ktpa machine at Portucel's Setubal mill, planned
for commissioning in 2009
(1) Volume growth based on 2000 to 2006 demand estimates by Pöyry Forest Industry Consulting. (2) Demand estimates by Pöyry Forest Industry Consulting. (3) Q4 2001-Q1
2007.
Sources: Mondi, Pöyry Forest Industry Consulting, CEPIFINE, RISI
2006
2007 (3)
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