Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very proud of the excellent performance during the quarter particularly in light of the impact of Covid-19 in the last two years and the global economic turmoil. Tight global paper markets were the principal factor behind the quarter’s success and enabled the implementation of higher selling prices which offset extraordinary cost inflation. The Russian-Ukrainian conflict triggered renewed volatility in global commodity markets and further disrupted already constrained global supply chains, which intensified cost inflation across all regions and all product segments."
Responding to climate change is one of the greatest challenges of our times. As a global company, Sappi is committed to being part of the solution and is focused on decarbonising its operations. As part of its long-term global commitment to climate protection and sustainable production, Sappi will be abandoning the use of coal at its German site in Stockstadt as a next step.
Speaking at the 15th World Forestry Congress, held in Seoul (Korea), from 02 to 06 May 2022, Sappi Forests Vice President Duane Roothman, shone a light on South African commercial forestry plantations.
In order to maintain profitability and keep its mills running full, Sappi will implement a further price increase of 10% to its Woodfree paper grades effective for deliveries from early April latest beginning May depending on the market