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Printweek - Sappi confirms Lanaken Mill closure

Sappi has confirmed the closure of its Lanaken Mill in Belgium, a move that will take out more than half a million tonnes of coated woodfree paper production for the heatset web offset market.

Sappi europeLanaken millStockstadt mill

Sappi Concludes Consultation Process at Sappi Lanaken Mill; Ceases Paper Production

Sappi Concludes Consultation Process at Sappi Lanaken Mill; Ceases Paper Production
paperage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paperage.com Daily Mail and Mail on Sunday newspapers.

Sappi lanakenSappi europeSappi pressSappi concludes consultation processSappi lanaken millCeases paperLanaken millSappi press release

Sappi ceases paper production at its Lanaken mill

The persistent global economic downturn is proving to be much tougher than anticipated with depressed markets, geopolitical instability and weak economic growth combining to put significant pressure on Sappi, particularly in Europe.

Sappi europeSappi lanakenLanaken mill

Sappi announces satisfactory earnings and declares dividend

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the records achieved in FY2022, I am pleased that we have been able to deliver a satisfactory set of results under particularly difficult circumstances with an EBITDA excluding special items of US$731 million for the year ended September 2023. The widespread disruption caused by ongoing geopolitical instability, weak global economic growth, rising interest rates, and an underperforming Chinese economy negatively impacted markets for our products.

South africaUnited statesSouth africanSteve binnieSappi chief executive officer steve binnieNorth americaStockstadt millLanaken mill

Sappi announces new chair; posts record SA earnings, but lower group-wide profit

Sappi announces new chair; posts record SA earnings, but lower group-wide profit
engineeringnews.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from engineeringnews.co.za Daily Mail and Mail on Sunday newspapers.

United statesSouth africaRegion flamandeSouth africanSteve binnieGroup ebitdaNtiso investment holdingsEmira property fundEris property groupSanlam private equity fundSir nigelruddSanlam private equityExxaro resourcesEris propertyNorth americanStockstadt mill

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