https://newsletter.en.creamermedia.com

Sappi sells Nijmegen mill

17th June 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

Paper and packaging group Sappi has sold its Nijmegen mill, in the Netherlands, to an affiliate of American Industrial Acquisition Corporation.

In September last year, the group announced that it had generated a loss in its European activities as a result of the continued market decline and consequent overcapacity in the European coated paper markets, combined with high raw material costs not compensated for by higher selling prices.

It had, therefore, decided to concentrate its production at fewer sites.

Exhaustive analysis had indicated that the preferred option would be to relocate the entire production of Nijmegen mill to other Sappi mills in Europe, to optimise the group’s entire Heat Set Web Offset business.

The disposal of Nijmegen became effective June 16, with the mill now called Innovio Papers.

Following the disposal, the mill would now manufacture speciality paper and would no longer be engaged in the coated graphic paper business, Sappi said in a statement, adding that a transfer plan had been arranged with the mill’s current graphic paper customers.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest Multimedia

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Image of Sun City Hotel
New era for Sun City after transformation
29th September 2025 By: Natasha Odendaal
Photo of Terence Creamer
Govt moves to end load reduction
26th September 2025 By: Creamer Media Reporter

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.064 0.157s - 184pq - 2rq
Subscribe Now