Share:
Somerset Mill, located alongside the Kennebec River, has for decades discharged chemicals into water sources, dumped into landfills and sold as fertilizer, grossly contaminating property in Maine; former owner Kimberly-Clark and current owner Sappi Ltd., of South Africa, named as defendants
Leading plaintiffs law firm
Grant & Eisenhofer has filed a lawsuit seeking class status in Maine Superior Court against current and previous owners and operators of a paper mill that has for decades dumped toxic and long-lasting forever chemicals into water and soil, contaminating property and drinking-water sources.
The class seeks to represent anyone who lived in Somerset County, Maine – the state s third-largest by area – for at least one year between 1967 through the present. The complaint asserts that Somerset Mill, a paper and pulp facility owned until 1995 by Kimberly-Clark Corp. and Scott Paper Co., and now by South Africa s Sappi Ltd., is the source of dangerous pollutan
Fairfield man files class-action lawsuit against Sappi over forever chemicals sunjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunjournal.com Daily Mail and Mail on Sunday newspapers.
Sappi reports reduced first-quarter losses, but group is banking on recovery
By Sandile Mchunu
Share
JOHANNESBURG - SAPPI expects its recovery to continue into the second quarter after posting a reduced loss of $17 million (about R254.74 million) for the first quarter to end December, mainly due to dissolving pulp markets and graphic paper demand in North America recovering at a faster rate than anticipated.
The world’s largest manufacturer of dissolving pulp (DP) improved from the loss of $88m reported in the quarter to end September.
However, the performance was still below the profit of $24m achieved in the first quarter to end December 2019.
Sappi shows a recovery in results for first financial quarter 2021
News provided by
Share this article
Share this article
JOHANNESBURG, Feb. 3, 2021 /PRNewswire/ Commenting on the group s results, Sappi Chief Executive Officer Steve Binnie said: I am pleased with the continued recovery in our results over the past nine months. EBITDA improved progressively from a low of US$26m in our third quarter of 2020 due to the impact of Covid-19 to US$98m for the first quarter of our 2021 financial year. I am confident that our recovery is on track despite the ongoing negative affect from Covid-19.
He continued: As a group we outperformed the guidance provided at the end of the last quarter with profitability across all reporting segments exceeding expectations. During the quarter, the global surge of Covid-19 infections and the related employee absenteeism put all of our operations under pressure. In spite of the unprecedented obstacles that have arisen as a result of the pandemic an