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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 first quarter results ahead of expectations; up 56% year-on-year
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Despite continued challenging global macroeconomic conditions and weak paper markets I am pleased that the group delivered Adjusted EBITDA of US$203 million, which was ahead of expectations and substantially above last year.”
The African Honey Bee Project, partly funded by Sappi, is doing an excellent job in encouraging rural entrepreneurship, alleviating poverty, curbing fires and providing additional financial resources for local timber farmers.
Talking to Tyrone Hawkes, Sappi Southern Africa’s Vice President for Strategy and Business Development about Ngodwana Energy, a 25 MW biomass energy plant at Ngodwana Mill in which Sappi Southern Africa holds a 30% stake.
From Forest to Forest, an award-winning pop-up book made from Sappi’s premium line of paperboard, Spectro®, highlights our responsible forestry management and communicates our commitment to leaving forests better than when we found them.
For more than a decade, The Standard has served as an invaluable resource for designers and printers around the world. Each edition focuses on a single aspect of the printing and design process, allowing for a closer, more detailed look at each phase.
Sappi sponsors teachers in hands on environmental learning
With education being an essential element of the global response to climate change, Sappi believes that the future of our planet relies on a well-educated and environmentally conscious society to be wise stewards of the environment that sustains us all.
Giving people the tools to succeed in South Africa
Our focus is on equipping our people and the communities in which we operate with the life and career skills, knowledge and confidence – the tools – that allow them to build on their own capabilities and further their development.