Southern Africa

Code
SA
Q4-FY23-Feature-image.jpg
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the records achieved in FY2022, I am pleased that we have been able to deliver a satisfactory set of results under particularly difficult circumstances with an EBITDA excluding special items of US$731 million for the year ended September 2023.”
Sappi Limited announced today that it has concluded an agreement with AURELIUS Investment Lux One S.à.r.l. (“AURELIUS”) regarding the divesture of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”).
With the increased global push for environmentally friendly and sustainable paper-based packaging solutions, Sappi has made great strides in developing breakthrough proprietary barrier technology to offer new opportunities to satisfy this need.
Matane-Mill.png
Sappi Limited, a leading global producer of dissolving pulp, speciality and packaging papers, graphic paper and biomaterials, today announced that it had signed an agreement to acquire the 270,000 tons per year Matane high yield hardwood pulp mill from Rayonier Advanced Materials for US$175 million.
Sappi Scottburgh MTB & Trail Run
Runners and cyclists are invited to make it a Heritage long weekend this year by kicking it off with the exciting Sappi Scottburgh MTB & Trail Run taking place on Sunday 22 September 2024
Warburgia Project  Nicky Jones
Rooting for Sustainability: Conserving Medicinal Plants in South Africa
The traditional medicine trade in South Africa is worth a whopping R2.9 billion each year, making up 5.6% of the National Health budget.
Women in Engineering
In celebration of Women’s Month we spoke to some of the talented women at Sappi who have made Engineering their career choice. We found out what inspires them, their advice for other women in business and share their words of encouragement for future young engineers.
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 press release
With reference to the fire and subsequent explosion which occurred on a supplier truck delivering liquid oxygen to the Sappi Saiccor Mill in Umkomaas, KwaZulu-Natal, the following update can be provided.

Pages