Europe

Sappi Europe announces the appointment of Flavio Froehli as Vice President, Marketing & Sales with immediate effect for the entire Sappi Europe portfolio reporting to Marco Eikelenboom, Chief Executive Officer, Sappi Europe

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with the steady recovery from the ongoing challenges of the COVID-19 pandemic. EBITDA continued to improve quarter-on-quarter from a low of US$26m in our third quarter of 2020 through US$98m in the previous quarter to US$112m for the current quarter, with further improvement expected for our third quarter.”

Sappi Europe announces a price increase for all its mechanical coated paper grades by 10-12% for all European customers with immediate effect as contracts permit. This is in addition to the previously announced and implemented increases for other geographies.

Sappi Europe announces a price increase for all its woodfree coated and woodfree uncoated paper grades by 7 – 10 % effective 1. June 2021 for all markets in Europe.

Sappi Europe announces price rise for all graphical paper grades for export markets by 8-11%

Marco Eikelenboom takes over as the new CEO of Sappi Europe from 1 April