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The addition of Schumacher’s assets will increase Mondi’s capacity to produce fiber-based products, offering more sustainable alternatives to plastic packaging.
Mondi Plc has announced its withdrawal from the £5-billion ($6.2 billion) bid to acquire DS Smith, a UK-based paper, packaging, and recycling group.
Billionaires.Africa has meticulously documented Macozoma’s affiliations with various companies where he currently holds leadership positions or has in the past.
Macozoma’s boasts a shareholding in the Tshipi Borwa manganese mine that is now valued at $125.1 million.
The South African businessman is expected to join the multinational packaging and paper group’s audit and nominations committees.