Southern Africa

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the records achieved in FY2022, I am pleased that we have been able to deliver a satisfactory set of results under particularly difficult circumstances with an EBITDA excluding special items of US$731 million for the year ended September 2023.”

Sappi Limited announced today that it has concluded an agreement with AURELIUS Investment Lux One S.à.r.l. (“AURELIUS”) regarding the divesture of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”).

With the increased global push for environmentally friendly and sustainable paper-based packaging solutions, Sappi has made great strides in developing breakthrough proprietary barrier technology to offer new opportunities to satisfy this need.

Sappi Limited, a leading global producer of dissolving pulp, speciality and packaging papers, graphic paper and biomaterials, today announced that it had signed an agreement to acquire the 270,000 tons per year Matane high yield hardwood pulp mill from Rayonier Advanced Materials for US$175 million.

A recent marketing campaign to promote Sappi’s Typek A4 office paper as an essential back-to-school stationery item brought unexpected joy to the learners and educators at Ashdown PrimarySchool in Pietermaritzburg.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Within the context of subdued underlying market conditions due to the challenging macroeconomic environment I am pleased that the group delivered EBITDA of US$183 million, which was 10% above the prior year.”

Sappi to reduce Scope 1 and Scope 2 GHG emissions through milestone 175GWh per annum renewable energy Power Purchase Agreement concluded with Enpower Trading.