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Feature article
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Sappi delivers solid profit during third quarter while concluding key expansion projects
13 August 2018
Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “Our third quarter operating performance was in line with previous guidance with earnings (EBITDA ex special items) flat at US$155 million compared to a year ago. The third quarter is seasonally and historically our weakest quarter due to the slow-down in business activity during the Northern Hemisphere summer holiday period and Sappi’s choice to use this quarter to undertake major annual maintenance shuts. A strong performance by our European operations was offset by a number of once-off operational and production issues in our South African and North American businesses.”
Packaging and Specialities
Sappi, a leading global producer of packaging and speciality papers today reported it is again exhibiting at FachPack, scheduled for 25 to 27 September 2018 in Nuremberg, Germany.
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PapArgus Berry Wiersum
CEO Berry Wiersum is interviewed in Pap'Argus Magazine
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