Europe

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EU
Sappi Fine Paper Europe, the leading European producer of fine paper for packaging and graphic arts, today announced that it is the recipient of a prestigious RISI award. Sappi was recognised with an award for ‘Advances and Innovation in Speciality Papers’ for its flexible packaging papers with a functional Mineral Oil Barrier (MOB). The annual PPI Awards were launched in 2009 by RISI, the leading information provider to the global forest products industry.
Sappi Fine Paper Europe has learned yesterday that the Bundeskartellamt (German Federal Cartel Office) will not pursue the complaint that PaperlinX Limited and its German subsidiary Deutsche Papier Vertriebs GmbH have brought against it on 4 December 2013.
Following Glen Pearce’s promotion to the post of Group Chief Financial Officer Sappi Ltd, Sappi Europe SA is pleased to announce the appointment of Stephen Blyth to the post of Chief Financial Officer of Sappi Europe SA starting 1 July 2014.
At interpack, Sappi Fine Paper Europe will be demonstrating three new additions to its speciality paper range that allow brand owners and converters to differentiate their products. Sappi will be located on stand D19 in Hall 9 at the show, scheduled for 08-14 May, 2014, in Dusseldorf, Germany.
Due to strong demand supply balance in uncoated fine papers and the sustained increases in the cost structure, Sappi Europe SA increases prices for all its uncoated fine paper (UWF) business in Europe and Export markets by 5%.
Sappi results for 3rd quarter ended June 2014 highlights continued year-on-year improvement in performance
Sappi Limited results for the year and fourth quarter ended September 2014. Debt below US$2 billion; full year EBITDA excluding special items increase by 25% on strong fourth quarter
Operating performance in the quarter was in line with expectations and the equivalent quarter last year.
Sappi Limited today announced the offering of €450 million aggregate principal amount of senior secured notes due 2022, in an offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”).
Ambitious project transformed Papermaking Machine PM 2 to better align with today’s market realities Sappi’s ambitious €60m transformation of Alfeld Mill’s PM 2 was concluded on schedule with the quality exceeding expectations.

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