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.
The persistent global economic downturn is proving to be much tougher than anticipated, putting significant pressure on Sappi. The company has closed its Stockstadt Mill, and has commenced consultation on the potential closure of its Lanaken Mill.
Sappi mulls potential closure of another paper mill in Europe 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.
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.