Southern Africa

It is with deep regret that the board of directors ("the board") of Sappi Limited today announced that the CEO of the company, Ralph Boëttger, will be relinquishing his position as CEO and director on 30 June 2014.

The board of directors ("the board") of Sappi Limited is pleased to have announced today that Steve Binnie, currently the Chief Financial Officer "CFO" of the company, will succeed Ralph Boëttger as CEO on 01 July 2014.

Further to Sappi’s announcement on March 14, 2016 in connection with a bond issue, Sappi Limited announced today that it priced its bond offering to raise €350 million of new senior secured notes due 2023 with a coupon of 4.0% per annum.

Sappi Limited announced today the closing of the offering of €350 million 4% senior secured notes due 2023 by its subsidiary Sappi Papier Holding GmbH (“SPH”). The net proceeds from this offering will be used to redeem all of SPH’s outstanding US$350 million senior secured notes due 2021 (the “2021 Notes”).

Our strategy to reposition Sappi as a profitable and cash-generative diversified woodfibre group remains well on track. The strong quarterly growth in our EBITDA excluding special items continues with an increase of 15% over the prior year to US$195 million.

Sappi Southern Africa has entered into an exciting new phase of growth and development with the decision to go ahead with the expansion and modernisation of the Sappi Ngodwana mill, including the introduction of 210,000 tpa of chemical cellulose production at the mill.

Sappi Southern Africa has today announced it will shut down its Adamas paper mill in Port Elizabeth, South Africa. The permanent closure of the mill is expected to be finalised at the end of August.

Sappi today announced its appointment as the official recycling partner for the J.P. Morgan Corporate Challenge® to be held on 08 March 2012 at Wanderers, Johannesburg. “We have not only entered the Challenge as a team but we are thrilled to announce that we are the Green Ambassadors for the race,” said Anton van Rooyen, General Manager Sappi Refibre

Print excellence was celebrated at the 2012 Sappi African Printers of the Year event held in Melrose Arch, Johannesburg on 16 August 2012. The event highlighted Sappi’s philosophy and tagline Inspired by life.

Sappi Southern Africa today embarked on an official Section 189 engagement process with staff at its Tugela Mill in Mandeni on the KwaZulu-Natal North Coast regarding its decision to mothball the PM4 paper machine from 01 January 2013