Southern Africa

Sappi Southern Africa and the University of the Witwatersrand (Wits) are pleased to announce the launch of the Sappi Chair in Climate Change and Plantation Sustainability.

Learn more and register at https://join.webinar.net/AoeG8198g4z.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the record profitability achieved last year, the group faced a severe downstream inventory destocking cycle. This led to production curtailment in both the European and North American regions to match the sluggish market demand and to prevent excess inventory accumulation.”

Our Sappi Forests’ contractor workers in the Highflats area in southern KZN look forward to the annual KAP sani2c. Their enthusiastic welcome of the riders is always a highlight on the route.

Trust, but verify. This is the value of third-party assessments including the annual review undertaken by EcoVadis.

Sappi Limited announced today that the intended sale to Aurelius Group of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”) has not materialised within the agreed timeframe of the contractual agreement and therefore the agreement has lapsed.

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%.”