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Commenting on the result, Sappi Limited Chief Executive Officer, Steve Binnie said: “Although our third quarter is traditionally lower due to northern hemisphere summer holidays, the results for the quarter were under pressure. We faced challenging market conditions across all our major product categories."
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Sappi Limited, a leading global producer of dissolving wood 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.
PaperAge
From a single pulp and paper mill producing paper from straw in 1938, Sappi has evolved into a global provider of dissolving wood pulp, packaging and specialty papers, and graphic papers, as well as biomaterials and biochemicals.

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