Commenting on the result, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with our solid operating performance for this quarter. Group profit increased by 20% and EBITDA by almost 15%.”
Pulp and paper company Sappi has said that it was planning to increase its dissolving wood capacity by more than 30 percent in the next four years to extract maximum value from the wood fibre value chain.
When a company’s CEO is given the honour of blowing the metre-long kudu antelope horn at the Johannesburg Stock Exchange (JSE), it not only signals the ritual opening of the local financial market. It also marks the celebration of success – in this case, Sappi’s re-entry to the JSE Top 40 Index, as well as our 80th year of being listed on the JSE.
RISI recently announced that Berry Wiersum, CEO of Sappi Europe, has been named as the RISI European CEO of the Year for 2017. Read this open and honest interview with mr Wiersum.
Interview: RISI European CEO of the Year, Berry Wiersum, Sappi Europe
Sappi Europe and Felix Schoeller Group, Osnabrück, have entered into a collaboration agreement that includes the joint development of sustainable barrier paper solutions for flexible packaging applications.
Steffen Wurdinger, Mill Director Ehingen, has taken up the position of Vice President Manufacturing, R&D and Technology Sappi Europe from January 1st , 2017 and has become a member of the European Management Team.