Europe

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Inspiring young people to explore careers in the pulp and paper industry with Sappi is essential to achieve our sustainability goals. Our mills in Europe are leading the way with outreach to schools and a rewarding apprenticeship programme. 
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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%.”
Our teams are passionate about harvesting the power in and beyond trees for decarbonisation and CoCreating solutions with partners who share our ambition. Papierholz Austria is one of those partners.
Register today to watch the replay at https://app.webinar.net/gB18EbZE0Np.
Learn more at https://www.interzum.com/en/trade-fair/interzum-2023/.
Kirkniemi Mill in Finland took a big leap forward in 2022 on the journey to decarbonisation by installing the equipment required to receive, store and handle biomass to power its multi-fuel boiler. During 2023 the mill should be able to finally exit coal and instead become powered by renewable bioenergy. 
Sappi Europe announces major paper machine upgrade and modernisation to it's Paper Machine 11 at Gratkorn mill. The Paper Machine will undergo extensive modernisation of automation and electrical equipment including drives, control systems, quality control and inspection systems as well as upgrades to the coating profile and other areas.
The steam boilers that Sappi needs for paper production are increasingly part of the solution to climate change. Instead of relying on fossil fuels like gas, Maastricht Mill has installed an electronic or ‘e-boiler’ so that wind and solar can become part of the energy mix.
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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)."
Sappi Papier Holding GmbH (SPH), a wholly owned subsidiary of Sappi Limited (Sappi), announced yesterday the final results of its offer to purchase for cash a portion of its outstanding 3.125% Senior Notes due 2026 (the tender offer).

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