As a company that relies on renewable natural resources, sustainability is at our core. Achieving ambitious sustainability targets helps us deliver the highest quality products and solutions. More about sustainability in Sappi.
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Sappi has joined businesses around the world in calling for ambitious, collective action for nature. Covid-19 is causing societies, businesses and governments around the world to focus on ways to emerge more economically resilient from the crisis.
New Spectro Digital substrates meet top standards for runnability, adhesion and blanket compatibility.
Sappi supports the sustainability drive by the textile value chain through its Sustainable Apparel Coalition (SAC) membership and via the use of the Higg FEM tool. Cloquet Mill, which is based in Northern Minnesota, USA has just recently completed the Higg FEM self - assessment, for Verve, Sappi’s dissolving pulp brand.
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.”
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.