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Sappi delivers solid full year and improved fourth quarter results while completing higher margin conversion and dissolving wood pulp debottlenecking projects
15 November 2018
Commenting on the results, Sappi Chief Executive Officer Steve Binnie said: “I am very satisfied that we have delivered results for the year in line with that of the prior year, notwithstanding the downtime related to the completion of several large strategic growth projects. These projects facilitated a further shift in the product mix of the group towards higher margin and growth segments.”
Due to continued high pulp prices and increasing energy and transportation costs, the longer term economic viability of our paper assets remains at risk.
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Honeywell (NYSE: HON) technology will be used to transform one of Europe's oldest paper mills into one of the world's most modern under a €30 million project being implemented by Sappi Austria Produktions-GmbH & Co. KG, to upgrade its paper mill in Gratkorn, Austria.
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