Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with the steady recovery from the ongoing challenges of the COVID-19 pandemic. EBITDA continued to improve quarter-on-quarter from a low of US$26m in our third quarter of 2020 through US$98m in the previous quarter to US$112m for the current quarter, with further improvement expected for our third quarter.”
At a small function held at the Sappi Shaw Research Centre in Tweedie near Howick on 13 April 2021, the Department of Education, represented by the HOD Dr Enock Nzama, received 3,000 boxes of Sappi Typek for distribution to schools in KZN.
Sappi Europe announces a price increase for all its mechanical coated paper grades by 10-12% for all European customers with immediate effect as contracts permit. This is in addition to the previously announced and implemented increases for other geographies.
Further to Sappi’s announcement on 08 March 2021 in connection with a bond issue, Sappi Limited announced today that it priced Sappi Papier Holding GmbH’s (“SPH”) bond offering to raise €400 million of new senior notes due 2028 with a coupon of 3.625% per annum.