News and Events

Sappi and UPM have selected nominees for the CEO and CFO roles of their proposed graphic paper Joint Venture. All nominations are conditional on the receipt of all regulatory approvals and the successful completion of the transaction.

26 August 2026 - Sappi acknowledges receipt of a Statement of Objections from the European Commission regarding the proposed joint venture with UPM.

While global market conditions remained challenging, the quarter reflected encouraging progress in key strategic initiatives, particularly the continued ramp-up of the Somerset Mill PM2 paperboard machine in North America, ongoing cost reduction actions across the group and disciplined capital allocation.

Sappi, a global leader in woodfibre-based renewable resources, today announced that it has joined the ZDHC (Zero Discharge of Hazardous Chemicals) Roadmap to Zero Programme, reinforcing its commitment to responsible chemical management for its global dissolving wood pulp operations.

28 May 2026 - Sappi Limited (“Sappi”) and UPM-Kymmene Corporation (“UPM”) have today announced the signing of binding (definitive) agreements to form a non-listed, independent 50/50 Joint Venture for graphic paper.

Both companies would own a 50% share of the proposed new independent company through shareholding continuing to operate in current business segments and geographic locations.

Proposed Joint Venture would see creation of a standalone company able to combine complementary portfolios creating a financially stronger and more resilient company with a core focus on Graphic Papers.

Additionally, the Joint Venture will ensure reliable long-term European supply for the printing industry.

While headline earnings were impacted by an unprecedented “risk-off” global environment and a volatile Rand/US Dollar exchange rate, the group has significantly accelerated its focus on innovative business enhancements to ensure global competitiveness.

Platinum in a year of tougher EcoVadis standards reflects elevated performance across Sappi's operations

New barrier technology delivers oil and grease resistance for quick-service, takeout, and bakery packaging, without the need for plastic or poly coated containers.

Recognition highlights renewable energy use and climate commitments at Sappi’s Maine Operations.

Haws accepts the honor on behalf of the Sappi North America team.

Commenting on the results for the period, group CEO Steve Binnie said: “Market conditions remained challenging during the quarter with ongoing macroeconomic pressures, subdued consumer confidence and overcapacity driving pricing declines across all product segments.”