Europa

Sappi Europe announces a price increase for all its woodfree coated and woodfree uncoated paper grades by 7 – 10 % effective 1. June 2021 for all markets in Europe.

Sappi Europe announces price rise for all graphical paper grades for export markets by 8-11%

Marco Eikelenboom takes over as the new CEO of Sappi Europe from 1 April

Sappi Europe announces a price increase for all its Packaging and Speciality paper grades by 7 – 11 % valid for deliveries from 1 April 2021.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with the continued recovery in our results over the past nine months. EBITDA improved progressively from a low of US$26m in our third quarter of 2020 due to the impact of COVID-19 to US$98m for the first quarter of our 2021 financial year. I am confident that our recovery is on track despite the ongoing negative affect from COVID-19.”

Sappi Limited, a global forest products leader, is proud to announce that its South African division has been awarded the first ever Programme for the Endorsement of Forest Certification (PEFC) forest management certificate in South Africa.

Decreasing profitability combined with large, sudden cost increases, both in raw materials and logistics make a price increase unavoidable. Consequently Sappi have announced an increase of 8-10% in all European markets to be implemented at the latest by the 1st of March 2021.

The decrease in consumption caused by the Covid-19 pandemic continues to place strong pressure on prices. In combination with cost increases in paper production and transport this has continued to lead to unsustainable profitability levels, especially felt in our overseas markets.