Europe

Packaging paper manufacturer Sappi Europe offers the flexible packaging market’s most extensive portfolio of functional papers – with a focus on compelling alternatives to multi-layer material and plastic packaging.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased the Group delivered EBITDA (earnings) more than 40% above the prior year at US$151 million. Despite the third quarter being a seasonally slower period for our business, and the sluggish global economy, our results were in line with our guidance. Underlying profitability, excluding a US$30 million impact from scheduled maintenance shuts at Saiccor and Somerset Mills, remained steady quarter-on-quarter. This is a pleasing performance driven by sustained strong market conditions in the pulp segment, offset somewhat by a muted recovery in paper markets.”

Sappi Europe announces today that it has cut the carbon footprint of its Galerie paper range by 55%, which is projected to reach 70% by the end of 2024.

Sappi has again achieved the highest platinum level in EcoVadis’ sustainability rating across all three of its manufacturing regions – Europe, North America, and South Africa.

With a second e-boiler, Sappi takes a further step towards sustainability and advancing decarbonisation.

With its silky top surface, enhanced stiffness, boosted bulk, bright white finish, and outstanding printing and finishing properties, Algro Volume combines strength, functionality and printability, all in a single package.

With a second e-boiler, Sappi takes a further step towards sustainability and advancing decarbonisation.

Elevating artistic narratives through quality print, Sappi's Magno paper proudly sponsors the South African Pavilion's 'Quiet Ground' catalogue at the 60th International Art Exhibition, La Biennale di Venezia.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Within the context of subdued underlying market conditions due to the challenging macroeconomic environment I am pleased that the group delivered EBITDA of US$183 million, which was 10% above the prior year.”