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Kenwood CD

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with another strong performance from the Group which was well above pre-Covid levels and the best ever first quarter results. EBITDA of US$290 million was 21% above the prior year and in line with guidance provided in the previous quarter. The positive results were underpinned by year-on-year pricing gains for paper products which offset cost inflation, lower sales volumes and delivered an EBITDA margin of 17.5%.”

Sappi North America, a leading global producer and supplier of diversified woodfibre products, today announced the approval of a $418 million capital project to convert Paper Machine No. 2 at its Somerset Mill in Skowhegan, Maine to increase its capacity and produce solid bleached sulfate board (SBS) products.

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Learn more at https://www.interzum.com/en/trade-fair/interzum-2023/.

Koa