Southern Africa

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SA
Sappi Limited announced today that it has concluded an agreement with AURELIUS Investment Lux One S.à.r.l. (“AURELIUS”) regarding the divesture of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”).
With the increased global push for environmentally friendly and sustainable paper-based packaging solutions, Sappi has made great strides in developing breakthrough proprietary barrier technology to offer new opportunities to satisfy this need.
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Sappi Limited, a leading global producer of dissolving 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.
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Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said, “I am very pleased with Sappi’s exceptional performance this past year. Once again, the dedication and resilience of the Sappi team shone through, this year delivering EBITDA of US$1,339 million, well above the previous record set in FY2000 (US$1,052 million)."
Sappi Papier Holding GmbH (SPH), a wholly owned subsidiary of Sappi Limited (Sappi), announced yesterday the final results of its offer to purchase for cash a portion of its outstanding 3.125% Senior Notes due 2026 (the tender offer).
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As an anchor tenant in the rural space in Southern Africa, Sappi is acutely aware of the crucial role that rural women play in the agricultural labour force.
Sappi issued on 4 August 2022 via the Stock Exchange News Service of the JSE an announcement entitled 'Third quarter results for the period ended June 2022'.
Sappi Biotech, Frankfurter Brett’s and Kegelmann Technik, announced a new innovation; a sustainable kitchen console made from Sappi Symbio.  Sappi Symbio combines high quality cellulose from woodfibre and thermoplastics. The benefits of Sappi Symbio include a natural look, a soft touch, high rigidity and strength together with a lower environmental footprint.
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Although there were 18 awards presented at the 2022 Sappi Southern Africa (SSA) Safety Excellence Awards, in reality these award winners represent the thousands of people who return home safely to their loved ones and families every day from a Sappi site.
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“Forward with Sappi, forward,” were the words of encouragement that the President of South Africa, His Excellency Mr Cyril Ramaphosa, had for the team from Sappi as he led the official opening of the ZAR7.7 billion expansion and environmental upgrade project at the Sappi Saiccor Mill on Tuesday, 13 September 2022.

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