Sappi continued its improving trend in operating performance for 2011. Sales for the year increased 11%, almost entirely as a result of higher prices in US Dollar terms. Operating profit excluding special items was US$404 million for the year, up 19% compared to 2010.
M-real Oyj, which produces the Galerie Art range of woodfree coated reels and sheets for Sappi Europe, has today announced that it will initiate a consultation process with the employees of its Äänekoski mill in accordance with Finnish labour law.
“A room without books is like a body without a soul” (Cicero) Sappi launches ‘My Life in Print’ to acknowledge each and everybody’s relationship with print, and its essential and integral role in our future.
Sappi Fine Paper North America today announced the 22 grant recipients for its 12th annual Ideas that Matter- a grant program that recognizes and supports designers who generously donate their time and talent to a wide range of charitable causes
Operating profit for the quarter was impacted as expected by planned annual maintenance shuts at a number of our major pulp mills and seasonal factors. In addition, weaker than expected demand for coated woodfree paper in Europe resulting from continuing uncertainty in economic conditions unfavourably affected operating profit
As part of its commitment to operating sustainably, Sappi Fine Paper North America today announced that its Somerset Mill in Skowhegan, Maine, has been certified by Center for Resource Solutions' Green-e® Marketplace program