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.

Register today to watch the replay at https://app.webinar.net/gB18EbZE0Np.

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

Koa

Funds will be used to improve productivity and innovation in Sappi’s Maine mills while propelling industry leading projects and sustainable development.

Sappi North America Inc., a leading producer and supplier of diversified paper, packaging products and pulp, announced today that has won a SEAL Business Sustainability Award for its Ideas that Matter grant program which honors Sappi’s leadership, innovation and commitment to sustainable business practices.