Europe

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In the next two years Sappi will be investing a sum in the low double-digit millions to expand its Centre of Excellence for speciality papers at its facility in Carmignano, northern Italy

Sappi Europe will increase prices for its Graphic Paper and Board products (Coated and Uncoated Fine paper, Coated Mechanical paper and Paperboard) by approximately 8% effective on deliveries from 1 April.

Sappi Europe informs customers of further unavoidable price adjustments to its Speciality Paper grades.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very pleased with an excellent performance from the group. We outperformed the guidance provided at the end of the last quarter with EBITDA at US$240 million, a 36% increase over the prior quarter (US$177 million) and more than double the equivalent quarter last year (US$98 million). Robust market demand in all product segments combined with the implementation of higher sales prices facilitated the growth and offset rising costs. This achievement was despite logistics and transport bottlenecks, as well as significant increases in energy, pulp and other raw materials.”

How can the issue of recycling be advanced? And why does Europe still need to catch up on topics such as “defining recyclability” and “test methods”? Find out more in the latest episode of Sappi's Blue Couch Series