Southern Africa

Commenting on the result, Sappi Chief Executive Officer Steve Binnie said: “Our performance for this quarter was in line with our expectations. We continue to work hard to mitigate increased input costs and the impact of a stronger Rand/Dollar exchange rate. We will begin to see the benefits of selling price increases during the rest of the financial year.”

Sappi Limited, the South African based leading global supplier of dissolving pulp (DP), speciality and packaging papers, printing (graphic) papers and biomaterials has confirmed plans and ongoing projects to significantly increase DP capacity by 2020.

Sappi Limited, a leading global producer of dissolving pulp, speciality and packaging papers, graphic (printing and writing) paper and biomaterials, today announced that it had signed an agreement to acquire the speciality paper business of Cham Paper Group Holding AG (CPG) for CHF146.5 million (approximately $149 million).

Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “Sappi has delivered another strong set of results with profits up 6% year-on-year. I am very pleased with the growth of the dissolving pulp (DP) and speciality packaging businesses.”

Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “I am pleased to report that during the past quarter Sappi delivered profits up 81% from a year ago, and reduced debt by a further 17% (US$265 million) year-on-year.”

Sappi Limited is pleased to announce that it will bolster its Packaging and Speciality Papers Business through the acquisition of the barrier film technology of Rockwell Solutions Limited.

Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “I am pleased to report that Sappi continues to deliver solid results on the back of our strategic shift to place more emphasis on dissolving pulp and speciality packaging. Coupled with strong cash generation and cost management initiatives to reduce variable costs we are well positioned to achieve our 2020 targets.”

Sappi Limited enters into agreement with CellMark, appointing CellMark as the non-exclusive sales agent for Sappi Biotech's Hansa Lignin products.

Sappi issues redemption notice for $400 million 2017 bonds

Commenting on the result, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with our solid operating performance for this quarter. Group profit increased by 20% and EBITDA by almost 15%.”