|View the Matane Mill acquisition investor presentation here.|
|Browse our interactive Q4 FY19 financial results booklet here.|
|Browse our interactive 2018 Sappi Annual Integrated Report here.|
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Browse Sappi-related stories from the Stock Exchange News Service (SENS) from the Johannesburg Stock Exchange (JSE) Limited.
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/ Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q1 FY20 financial results for the period ended December 2019 on Thursday, 13 February 2020, at 09:00 South African time.
/ Commenting on the result, Sappi Limited Chief Executive Officer, Steve Binnie said: “An initially strong start to the year was unfortunately offset by weak graphic paper markets and lower dissolving wood pulp (DWP) prices driven by the ongoing trade wars and slower economic growth in various geographies."
/ Sappi Limited, a leading global producer of dissolving wood pulp, specialities and packaging papers, graphic papers and biomaterials, today announced that all conditions precedent relating to the acquisition of the Matane high yield hardwood pulp mill in Quebec Canada from Rayonier Advanced Materials (RYAM) have been fulfilled and closing has been completed.
/ 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."