Name of the Project
Somerset paper mill (PM) 2 conversion project.

Location
Central Maine, in the US.

Project Owner/s
Sappi.

Project Description
Sappi is converting PM2 from coated wood-free graphic paper operation to a solid bleached sulphate board operation.

Machine capacity will also be increased during the conversion from 240 000 t/y to 470 000 t/y.

The investment is aligned with Sappi’s Thrive25 strategic focus to reduce its exposure to graphic papers and transition its portfolio to packaging and specialty papers, pulp and biomaterials.

Potential Job Creation
Not stated.

Capital Expenditure
$418-million. The project will be funded from free cash flow from operations. The capital expenditure will be phased over three years, with the majority of the spend taking place in 2024 and 202.

Planned Start/End Date
The project is expected to be completed in early 2025

Latest Developments
None stated.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
Sappi group head corporate affairs André F Oberholzer, tel +27 11 407 8044 or email Andre.Oberholzer@sappi.com.