The K3 machine is one of three CRB machines at the Kalamazoo facility and is the company's longest-running machine. K3 ceased operation on July 1 and this announcement reflects the decision to permanently shut down the 125,000-tons per annum machine.
Mondi has received RUB 57 billion ($568 million) into its London bank account and it is in possession of a letter of credit for the final RUB 23 billion ($229 million), which will be paid in two equal instalments in each of November and December 2023.
