Europe

The persistent global economic downturn is proving to be much tougher than anticipated with depressed markets, geopolitical instability and weak economic growth combining to put significant pressure on Sappi, particularly in Europe.

In an effort to address ongoing cost inflation Sappi Europe will increase prices for its Fine Paper grades by 7-10% from January 2024.

The persistent global economic downturn is proving to be much tougher than anticipated with depressed markets, geopolitical instability and weak economic growth combining to put significant pressure on Sappi, particularly in Europe.

Sappi Europe’s Kirkniemi Mill in Lohja, Finland, has successfully made the switch from using fossil fuels to renewable energy to fuel the production of the Galerie paper range.

In an effort to address prevalent supply chain uncertainties and to maintain the commercial viability of its Graphic Paper business, Sappi Europe will keep prices for its Woodfree Coated Paper grades stable at today’s level for the remainder of 2023.

Championing the theme of ‘Cycling for a better climate’, a 75-strong team of keen riders from Ehingen Mill joined a total of 419 cyclists and 22 other teams who were cycling for the city of Ehingen/Donau, Germany, to take part in CITY CYCLING’s three-week challenge to swap their cars for two wheels.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the record profitability achieved last year, the group faced persistent challenges in the global economy and encountered ongoing weakness in paper and pulp markets. Specifically, the paper businesses experienced a significant downstream destocking cycle.”

Learn more and register at https://www.moebelfertigung.com/en/surface-in-motion-2023.