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Sappi expects better 2010 results as demand improves
9th November 2009 By: Chanel de Bruyn

Despite economic conditions remaining somewhat unpredictable, paper and pulp producer Sappi expects to see continued improvements in demand for its major products in most of its markets in the new... 


Paper group’s Polish subsidiary completes business refinancing
2nd November 2009 By: Esmarie Iannucci

JSE-listed paper producer Mondi has reported that its 66%-owned subsidiary Mondi Swiecie SA has completed is business refinancing. The refinancing included the negotiation of the terms of a... 


Sappi plans to shut Swaziland pulp mill, 600 jobs at risk
30th October 2009 By: Creamer Media Reporter

About 600 people in the Kingdom of Swaziland stand to lose their jobs as paper and pulp producer Sappi plans to close down its 190 000-t/y Usutu pulp mill and to restructure the forestry business... 


Mondi sees stable improvement in volumes, some price increases
27th October 2009 By: Chanel de Bruyn

Paper and packaging group Mondi was seeing an “unexciting, but stable” improvement in underlying volumes and some price increases, albeit from a very low base, CEO David Hathorn said during a... 


Sappi aims to reduce carbon footprint, signs Copenhagen communiqué
26th October 2009 By: Creamer Media Reporter

While having already made great strides in terms of climate mitigation and adaptation measures, paper and pulp producer Sappi has committed itself to “pushing forward” with further initiatives and... 


Sappi may close 210 000-t/y mill in Finland
22nd October 2009 By: Chanel de Bruyn

With an apparent overcapacity of coated magazine paper in Europe, paper and pulp producer Sappi’s Finnish subsidiary, Finland I Oy, was looking at ways to improve the company’s profitability, which... 


Mondi appoints John Nicholas to board
2nd October 2009 By: Chanel de Bruyn

South African paper and packaging group Mondi has appointed a member of the UK Financial Reporting Review Panel, John Nicholas, as nonexecutive director, as well as chairperson of the group’s... 


Sappi to delist from London bourse in November
2nd October 2009 By: Chanel de Bruyn

Pulp and paper group Sappi will delist from the LSE as from November 2, but will retain its primary listing on the JSE and its secondary NYSE listing, it announced on Friday. “The low trading... 


Mondi starts up new paper machine in Poland
3rd September 2009 By: Chanel de Bruyn

Paper and packaging group Mondi’s new 470 000-t PM7 lightweight recycled containerboard paper machine, in Swiecie, in Poland, has been started up and is producing paper, the group announced on... 


Afgri lifts FY profit on near-record maize crop, improved environment
2nd September 2009 By: Chanel de Bruyn

A strong agricultural year in South Africa led to JSE-listed agricultural services group Afgri increasing its net profit for the year ended June 30, 2009, to R354-million, up 18% on the... 


Sappi may retrench 400 workers at SA mills
31st August 2009 By: Chanel de Bruyn

The Southern African division of paper and pulp producer Sappi has started a consultation process with employees and labour unions over the possible retrenchment of up to 400 employees at three of... 


York earnings could fall by as much as 143%
28th August 2009 By: Chanel de Bruyn

Solid wood products group York Timbers expects its earnings a share (EPS) for the year ended June 30, 2009, to be between 123% and 143% lower than the previous financial year, it reported on... 


Sappi completes refinancing transactions
28th August 2009 By: Creamer Media Reporter

Paper and pulp producer Sappi on Friday said it had successfully completed a series of refinancing transactions that would allow it to improve its debt maturity profile and strengthen its balance... 


Sappi to permanently close US paper mill
26th August 2009 By: Esmarie Iannucci

JSE-listed paper and pulp producer Sappi would permanently cease operations at its 170 000-t/y Muskegon coated fine paper mill in Michigan, it announced on Wednesday. The closing will affect... 


Mondi swings to loss, South African 
operations feel impact of economic crisis
21st August 2009 By: Chanel de Bruyn

A strong performance by paper and packaging group Mondi’s European uncoated fine paper business and an improved performance from its bags and specialities business led to improved trading for the... 


Sappi sees pulp market improving, may post operating profit in Q4
14th August 2009 By: Chanel de Bruyn

Paper and pulp producer Sappi expects to return to operating profitability in the fourth quarter of the 2009 financial year, as demand for coated graphic paper rises and the pulp market continues... 


Mondi swings to loss, SA operations feel impact of economic crisis
5th August 2009 By: Chanel de Bruyn

A strong performance by paper and packaging group Mondi’s European uncoated fine paper business and an improved performance from its bags and specialities business led to improved trading for the... 


Sappi sees pulp market improving, may post operating profit in Q4
30th July 2009 By: Chanel de Bruyn

Paper and pulp producer Sappi expects to return to operating profitability in the fourth quarter of the 2009 financial year, as demand for coated graphic paper rises and the pulp market continues... 


Mondi expects earings to fall
28th July 2009 By: Esmarie Iannucci

JSE-listed paper producer Mondi on Tuesday warned shareholders that earnings a share for the six months ended June would drop sharply, sending shares 2,6% lower. The company expects earnings to be... 


Sappi to raise $800m in bond issue
27th July 2009 By: Chanel de Bruyn

Paper and pulp producer Sappi announced on Monday that it had successfully priced its bond offering to raise about $800-million of new senior secured notes, due in 2014. This followed a July 20... 


Tongaat Hulett sees big jump in interim profit
22nd July 2009 By: Creamer Media Reporter

Agroprocessing firm Tongaat Hulett on Wednesday said it expected its headline earnings for the first six months of the 2009 financial year to increase by 74% to R440-million, compared with... 


Price of sugar, maize could rise as El Niño looms
17th July 2009 By: Terence Creamer

The development of El Niño weather conditions later this year, as is currently being forecast by a number of weather services, is likely to raise the price of a range of agricultural commodities,... 


Tribunal approves €750m Sappi-M-Real merger
8th July 2009 By: Chanel de Bruyn

The Competition Tribunal on Wednesday unconditionally approved the merger of paper manufacturer Sappi and the M-Real Corporation. Sappi had concluded the €750-million acquisition of M-Real’s... 


Paper group to team up with 
street collectors for recycling cause
12th June 2009 By: Leandi Kolver

It is estimated that approximately 1,9-million tons of recovered fibre is available for collection and recycling in South Africa every year. Every box that is recycled reduces wastepaper going to... 


York to shut timber mills as slowdown bites, 500 jobs may be cut
9th June 2009 By: Terence Creamer

JSE-listed forest products producer York Timber said on Tuesday that it might shut three of its eight processing plants, two permanently, as part of a series of remedial actions designed to take... 


Forestry firm completes feasibility study for 20MW cogen plant
29th May 2009 By: Chanel de Bruyn

A feasibility study into the South African Forestry Company’s (Safcol’s) proposed 20-MW cogeneration project has been completed, with management and cofunders now expected to decide on the way... 


Nampak interim profit declines sharply to R395m
21st May 2009 By: Esmarie Iannucci

JSE-listed packaging specialist Nampak on Thursday reported a sharp drop in interim profit, falling to R395,2-million from R645,9-million. Headline earnings a share were down to 66,9c a share in... 


York appoints new finance chief
18th May 2009 By: Creamer Media Reporter

Solid wood products group York Timbers has appointed Duncan Erskine as its new CFO and executive director, the company announced on Monday. Erskine, a qualified chartered accountant, has taken... 


SA subject to two new antidumping measures
7th May 2009 By: Creamer Media Reporter

Products exported from South Africa were subject to two new antidumping measures that were implemented by other nations in the second half of 2008, the World Trade Organisation (WTO) said on... 


European order books starting to improve – Mondi
7th May 2009 By: Chanel de Bruyn

Paper and packaging group Mondi CEO David Hathorn on Thursday warned that despite there being encouraging signs of a gradual improvement in many of its European order books, the high levels of... 


Sappi swings to loss, sees better Q3
5th May 2009 By: Chanel de Bruyn

While there was still little visibility in terms of market conditions, paper and pulp producer Sappi was confident that it would improve its profitability in the third quarter of the 2009 financial... 


Process-roller supplier undergoes far-reaching reorganisation
1st May 2009 By: Leandi Kolver

Roller covering and coating technology group H&M Rollers Technologies is undergoing restructuring by focusing on future developments, expansions and capital investments in its core business... 


EU defends approval of M-real, Sappi deal
24th April 2009 By: Creamer Media Reporter

The European Commission defended on Friday its decision to approve the sale of the graphic paper business of Finland's M-real Oyj to South Africa's Sappi Ltd following complaints. The Chamber of... 


Mondi in R38,7m land claim settlement
17th April 2009 By: Creamer Media Reporter

Paper and packaging group Mondi has settled its second set of land claims, worth about R38,7-million, with black communities in KwaZulu-Natal, the group announced on Friday. Mondi joint... 


York appoints new CEO, Cooper moves to marketing position
9th April 2009 By: Chanel de Bruyn

A new CEO has been appointed at solid wood products group York Timbers to “steer York through the changing economic environment”, the group announced on Thursday. Pieter (Piet) van Zyl, who was MD... 


York names acting CFO after Lehman resigns
17th March 2009 By: Creamer Media Reporter

Solid wood products group York Timbers has appointed Koot van der Walt has acting CFO, following the resignation of John Lehman. Van der Walt joined the group in January and was formerly the CFO... 


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