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Sappi: Profit increase cheers share price

2014-11-11 08:37:39| Paper - Topix.net

SAPPI, the world's biggest producer of dissolving wood pulp, climbed the most in more than four months after returning to profit amid an increase in sales and reduction of debt. The stock advanced as much as 5.9 percent, the most on an intraday basis since July 8, in Johannesburg yesterday.

Tags: price share increase profit

 

Sappi Limited results for the year and fourth quarter ended September ...

2014-11-10 09:40:30| Paper - Topix.net

"We made significant strides in the execution of our strategy this past year. Notable achievements were reduction of net debt, improved performance of our European and Southern African paper businesses and delivery of substantially increased dissolving wood pulp volumes into a growing and high margin market.

Tags: year results september limited

 
 

Sappi Fine Paper North America Boosts Pricing for Coated Paper Lines

2014-10-29 01:28:45| Paper - Topix.net

Oct. 28, 2014 - Sappi Fine Paper North America announces a price increase on all new and unconfirmed orders with a confirmed delivery date on or after October 28, 2014. A $2.00 per CWT US$/CAD$ increase on all basis weights, all finishes of: Opus Web; Galerie Art Web; Somerset Web; Flo Web A $1.50 per CWT US$/CAD$ increase on: all basis weights, all finishes of: Galerie Fine Web; Galerie Brite Web; Galerie Lite Web.

Tags: north paper america fine

 

South Africa's Sappi confirmed the purchase by Montigny Investments...

2014-09-05 20:24:31| Paper - Topix.net

Sappi has confirmed that they have concluded the sale of Sappi's Usutu Forest Products Company Limited to local Swaziland business Montigny Investments. Sappi announced on 01 July 2013 that it intended to dispose of Usutu Forest Products Company Limited to Montigny Investments Limited, Sappi can confirm that all conditions precedent to the successful conclusion of the transaction have been met.

Tags: south purchase confirmed investments

 

Sappi says this yeara s dry season no threat to operations at Saiccor DP mill in South Africa

2014-08-01 15:46:54| Paper - Topix.net

Though somewhat drier than previous years, this winter's dry season in South Africa poses no threat to operations at Sappi's Saiccor dissolving pulp mill located on the Umkomazi river in the country's KwaZulu-Natal province, according to the firm.

Tags: south africa operations season

 

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