North America

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Sappi Limited announced today that the intended sale to Aurelius Group of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”) has not materialised within the agreed timeframe of the contractual agreement and therefore the agreement has lapsed.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with another strong performance from the Group which was well above pre-Covid levels and the best ever first quarter results. EBITDA of US$290 million was 21% above the prior year and in line with guidance provided in the previous quarter. The positive results were underpinned by year-on-year pricing gains for paper products which offset cost inflation, lower sales volumes and delivered an EBITDA margin of 17.5%.”

Sappi North America, a leading global producer and supplier of diversified woodfibre products, today announced the approval of a $418 million capital project to convert Paper Machine No. 2 at its Somerset Mill in Skowhegan, Maine to increase its capacity and produce solid bleached sulfate board (SBS) products.

Register today to watch the replay at https://app.webinar.net/gB18EbZE0Np.

Learn more at https://www.interzum.com/en/trade-fair/interzum-2023/.

Funds will be used to improve productivity and innovation in Sappi’s Maine mills while propelling industry leading projects and sustainable development.

Sappi North America Inc., a leading producer and supplier of diversified paper, packaging products and pulp, announced today that has won a SEAL Business Sustainability Award for its Ideas that Matter grant program which honors Sappi’s leadership, innovation and commitment to sustainable business practices.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said, “I am very pleased with Sappi’s exceptional performance this past year. Once again, the dedication and resilience of the Sappi team shone through, this year delivering EBITDA of US$1,339 million, well above the previous record set in FY2000 (US$1,052 million)."