Sappi issued on 4 August 2022 via the Stock Exchange News Service of the JSE an announcement entitled 'Third quarter results for the period ended June 2022'.
Where is the label market headed? How can everyday products be labelled in a way that is resource-saving and environmentally friendly? These are the issues that Robert Gabriel-Jürgens, Head of Sales Label Papers at Sappi Europe, and Corey Michael Reardon, President and CEO of AWA Alexander Watson Associates, will be discussing in the new episode of the Sappi Blue Couch series.
Modernisation of the power plant boiler at Sappi’ s production site in Gratkorn, Austria, is finally completed. As of now, more sustainable fuels will be used instead of coal to power the paper machines at the company’s largest mill in Europe
Due to continuing high cost and volatility in raw materials, energy and transportation Sappi Europe has announced a price increase to its Coated Mechanical reels. The adjustment will range between 6-9% and will be implemented during the month of October.
picture of Gratkorn Sappi mill
Sappi invests in wet-strength label paper production capacities at its Gratkorn mill
Sappi Europe temporarily reduces capacity at its Carmignano Mill in Italy, due to the continuing and sharp escalation of energy costs.
With new state-of-the-art technology, boiler 11 at Gratkorn Mill is shifting from a coal boiler to a multi-fuel boiler in two phases. The goal is to finally use only sustainable and renewable fuels.
Sappi’s International Revolving Credit Facility (RCF) of EUR 515 million benefits from the group’s newly developed Sustainable Financing Framework.
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very proud of another quarter of record earnings against a backdrop of significant geopolitical turmoil, supply chain headwinds and extraordinary global inflationary pressures.”
Sappi Europe informs customers about ongoing challenges to cope with further increases of pulp, energy, chemicals and transportation costs. Sappi therefore announces further price increases up to 18% for its entire Speciality Paper Portfolio.