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Commenting on the quarter’s result, Sappi Limited Chief Executive Officer, Steve Binnie said: “The overall economic effect of the Covid-19 pandemic and related lockdowns, changes in consumer behaviour and logistical challenges had a severe impact on the business in the quarter. Previously weak graphic paper and dissolving pulp (DP) markets were further affected by significant declines in demand and lower sales prices. Our packaging and specialities business increased sales volumes during the quarter and has proven resilient in the current difficult economic circumstances. This segment continues to support our strategy to diversify the group’s product portfolio into higher margin and growing segments.”
To coincide with World Environment Day and South Africa’s Environment Month, on 04 June 2020, Sappi Limited committed to set science-based targets through the Science Based Targets initiative (SBTi). The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
PaperAge
From a single pulp and paper mill producing paper from straw in 1938, Sappi has evolved into a global provider of dissolving pulp, packaging and specialty papers, and graphic papers, as well as biomaterials and biochemicals.

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Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q4 FY20 and full-year financial results for the period ended September 2020 on Thursday, 05 November 2020, at 09:00 South African time.
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Olga Karagiannis
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About Sappi North America
Our roots can be traced back as far as 1854. Today, headquartered in Boston, with three mills and over 2,100 employees, we continue that legacy of innovation and quality.

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