Europe

To coincide with World Environment Day and South Africa’s Environment Month, on 04 June 2020, Sappi Limited committed to set science-based targets through the Science Based Targets initiative (SBTi). The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

With the significant increase in consumption of hand sanitisers, we are excited to introduce Sappi’s Valida natural cellulose product for the formulation of more skin- and planet-friendly solutions.

If there is something that the last few lockdown months have taught many of us, is that we need to make 'Time for Nature'. We have marvelled as the planet has taken a breather along with her inhabitants and has rejuvenated herself, as we have rediscovered the abundance that she has to offer. It is why it is so apt that it is the theme for this year’s World Environment Day.

Results found that there is limited damage to the paper machine itself with the MG cylinder being found to be undamaged. The focus of the damage was to the machine hall, particularly to the mezzanine ceiling and the roof of which both are currently undergoing repairs ahead of production being restarted. The PM is planned to restart production in week 31 (Week beginning July 27th) and paper deliveries expected to commence from the beginning of August.

Sappi has decided not to proceed with the proposed offering of €250 million senior notes at this time due to unsatisfactory market conditions. Sappi has a long history of prudent and proactive balance sheet management.

Sappi, a leading diversified woodfibre company, has published an informational document on its website with further information about the Company and its consolidated subsidiaries (the “Sappi Group”). The information is available as of today at the following address: https://www.sappi.com/

Sappi Limited today announced the offering of €250 million aggregate principal amount of senior notes due 2025, in an offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The notes will be issued by Sappi Papier Holding GmbH, a subsidiary of Sappi Limited. The Company is implementing this offering in order to strengthen its liquidity headroom and balance sheet. The net proceeds from this offering will be used for general corporate purposes.

In the early evening on the 12th of May Sappi Europe’s Alfeld Mill site, situated in Germany, reported a fire around the area of its paper machine 3.

Commenting on the quarter’s result, Binnie said: “I am very pleased with the strong packaging and specialities performance which saw EBITDA contribution almost double. I am also pleased with the solid results in the graphics paper segment, as well as the significant increase in market share across both segments. Despite these strong performances, the results were negatively impacted due to the historic low dissolving pulp (DP) prices, and reduced DP sales volumes.”

As the demand for a cleaner planet grows among consumers, so does the emphasis on innovation. The call for sustainable solutions has never been higher. That’s why Sappi is constantly evolving to help its customers with future-oriented circular solutions.