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Forest Products News

Mpact FY earnings rise to 188.5c a share

By: Natalie Greve     7th March 2013 Packaging and paper manufacturer Mpact’s earnings a share saw a substantial rise to 188.5c for the year ended December 31, 2012, up from 54.9c in 2011. This increase, which was accompanied by a boost in underlying earnings a share from 102.9c to 191.1c, was the result of an improved trading... 

Mondi well-positioned for growth following acquisitions

By: Natasha Odendaal     21st February 2013 JSE-listed Mondi Group would continue the integration and optimisation of its latest acquisitions as the group shifted its portfolio to exposure to higher-growth products. The group injected €1.2-billion into various acquisitions within the growing corrugated packaging and consumer packaging... 

Ngodwana specialised cellulose project to be commissioned in mid-2013

By: Chantelle Kotze     15th February 2013 Paper and packaging group Sappi’s $340m-million GoCell specialised cellulose (SC) expansion project at its Ngodwana Mill, in Mpumalanga, is on track for commissioning by mid-2013 to grow its SC production. 

Mondi expects lower 2012 FY profit

By: Natalie Greve     12th February 2013 JSE-listed Mondi Group expected its underlying operating profit for the fourth quarter ended December 31, 2012, to be above that of the €135-million operating profit recorded in the third quarter of 2012, as well as the €132-million recorded in the fourth quarter of 2011. However, the paper and... 

Sappi expects higher H2 operating profit after Q1 drop

By: Idéle Esterhuizen     6th February 2013 Lower pulp and paper selling prices led to paper and packaging group Sappi’s operating profit dropping to $73-million for the first quarter of the 2013 financial year, compared with an operating profit of $100-million in the first quarter of the 2012 financial year. This was also lower than the... 

Nersa warned of job losses 

By: Sapa     17th January 2013 As many as 35 000 people in the sugar cane industry could lose their jobs if Eskom is granted a 16% electricity increase, the South Africab Cane Growers' Association said on Thursday. The increase could result in the closure of four mills, the association's financial affairs director Thomas Funke... 

ECDC looks to quality loan book for sustained recovery and growth

By: Joanne Taylor     30th November 2012 Development financier, the Eastern Cape Development Corporation (ECDC) will focus more on self-sustainable revenue for the future, said ECDC CEO Sitembele Mase at its 2012 financial results presentation earlier this month. 

Initiative to document forestry land rights under way in West Africa

By: Joanne Taylor     2nd November 2012 A US initiative to document forestry land rights is expected to promote sustainable agroforestry, environmental protection and the rural livelihoods of the upper Guinean tropical forest. Information group Thomson Reuters and the US Forestry Service (USFS) have teamed up to provide resources to... 

400 jobs on the line as Sappi mothballs paper machine

By: Idéle Esterhuizen     12th October 2012 Paper and packaging group Sappi has issued over 400 of its staff members with Section 189 notices regarding its decision to mothball the PM4 paper machine at its KwaZulu-Natal-based Tugela mill, from January 1. Although expected to be substantially lower, Sappi pointed out on Friday that the... 

Restructuring progress boosts York Timbers earnings 250%

By: Idéle Esterhuizen     25th September 2012 Forestry and forest products group York Timbers on Tuesday reported 250% growth in earnings a share for the year ended June to 42c, up from 12c in the previous year, while revenue rose by 16% to R1.1-billion. The group’s operating profit reached R166-million, an increase from R162-million during... 

Mondi buys Dura-Pack operations in Germany, Czech

By: Natasha Odendaal     14th September 2012 JSE-listed Mondi Group on Friday agreed to buy two of packaging systems, material handling and loading equipment company Dura-Pack’s operations for £125-million. The operations, based in Germany and the Czech Republic, comprised two corrugated box plants and one recycled containerboard mill. 

Safcol pins hopes on new business model to unlock R3bn project pipeline

By: Terence Creamer     23rd August 2012 Stated-owned forestry company Safcol, which improved its financial performance in 2011/12 on the back of a recovery in lumber markets, expects to complete a review into its future role and structure by September, which could open the way for it to again invest in sawmilling and extend its... 

Richards Bay paper mill aims to add 47 MW of own generation by Nov 2013 

By: Terence Creamer     17th August 2012 Forest products group Mondi has announced plans to install a 47 MW steam turbine at its Richards Bay mill, in KwaZulu-Natal, which will further increase the facility’s power self-sufficiency and produce surplus electricity for input into the South African grid. Mondi tells Engineering News that... 

Land Bank finances ‘healthier’, loan book doubles

By: Natasha Odendaal     16th August 2012 Development finance institution the Land Bank reported a 54.5% jump in its performing loan book during the year ended March 2012, which was further strengthened by a 17.6% drop in nonperforming loans, CEO Phakamani Hadebe said on Thursday. Speaking at the group’s financial results presentation,... 

Sappi still looking at cogeneration opportunities

By: Idéle Esterhuizen     3rd August 2012 Paper and packaging group Sappi was still investigating possible cogeneration projects, with its Ngodwana and Saiccor mills being the best suited for such endeavours in South Africa, CEO Ralph Boëttger said Friday. He told Engineering News Online in a telephonic interview that the company... 

Manufacturer offers high-pressure monodrum boilers

By: Sashnee Moodley     8th June 2012 Boiler and environmental solutions provider John Thompson, a division of electrical products supplier Actom, is now offering the sugar industry, as well as other industrial users that want to burn biomass, high-pressure monodrum boilers. 

Sappi’s SA paper division still underperforming

By: Natasha Odendaal     10th May 2012 Paper and packaging group Sappi said on Thursday that, while its chemical cellulose business continued to perform strongly during the second quarter of 2012, its paper division underperformed on the back of a competitive environment in terms of price, costs and volumes. However, Sappi CEO Ralph... 

Mondi operating profit falls, says demand picking up

By: Idéle Esterhuizen     3rd May 2012 JSE- and LSE-listed pulp and paper group Mondi on Thursday reported lower underlying operating profit as the weaker trading environment seen towards the end of 2011 continued into the early part of 2012. But the company said demand was improving, with its sales volumes in the three months to... 

Mondi increases its offer price for Polish unit

By: Natasha Odendaal     2nd April 2012 Aim- and JSE-listed Mondi on Monday increased the price of its public tender offer for a 34% interest in Polish paper manufacturer Mondi Swiecie to €295-million. The company said that it increased the price to €17.34 a share, up from €16.62 a share in February. This represented a premium of 4.3%... 

Lion Match ordered to revise Beige comparable offer

By: Henry Lazenby     22nd March 2012 The Takeover Regulation Panel (TRP) this week ordered Lion Match to make a revised offer to Beige Holdings’ preference shareholders, after it ruled that the R1.28 a share offer was not comparable. But despite the ruling, Lion Match posted its circular to shareholders on Monday, containing a... 

Industry bodies emphasise sustainability of SA forestry sector

By: Yolandi Booyens     9th March 2012 The domestic forestry and pulp and paper sectors do not have as negative an impact on the environment as many people might believe, industry bodies Forestry South Africa (Forestry SA) and the Paper Manufacturers Association of South Africa (Pamsa) emphasise.  

Local company broadening its product range

By: Yolandi Booyens     9th March 2012 Coated and laminated paper manufacturer Morgan Paper Coaters (MPC) has strengthened its structure and broadened its product range.  

Paper products manufacturer acquires laser technology

By: Yolandi Booyens     9th March 2012 Durban-based innovative paper products manufacturer Pandu Paper will add a new laser cutting machine to its production line.  

Limpopo farmers receive productivity support

By: Dimakatso Motau     9th March 2012 One of the largest irrigated farming ventures in Limpopo was commissioned in January and handed over to the Ikageng community, in Strydkraal. 

Skills shortage a weak link in the paper chain

By: Yolandi Booyens     9th March 2012 The Paper Manufacturers Association of South Africa (Pamsa) is recruiting young postgraduate chemical engineering students into the paper and pulp industry and will, going forward, start its recruitment drive earlier in the year to ensure it meets its targets. 

Government-funded company considers exporting its products

By: Yolandi Booyens     9th March 2012 Local producer and marketer of handcrafted paper products Phumani Paper is considering the potential of exporting its products to neighbouring countries, entering new markets and securing more consistent clients within South Africa. 

Mondi invests in energy projects as it targets 97.5% self-sufficiency  

By: Henry Lazenby     23rd February 2012 Pulp and paper group Mondi on Thursday confirmed it had put aside €170-million in capital expenditure for energy and debottlenecking projects, with the aim of achieving 97.5% energy self-sufficiency across its operations. “These are all low-risk, high-value-generating projects, with expected... 

Mpact earnings to increase significantly

By: Henry Lazenby     22nd February 2012 JSE-listed packaging firm Mpact on Wednesday said it expected its headline earnings for the financial year ended December 31, to increase to between 52c and 56c a share, compared with 2010 earnings of 23.1c a share. Mpact listed as a public company on the main board of the JSE on July 11,... 

Mondi offers €280m for the rest of Mondi Swiecie

By: Henry Lazenby     16th February 2012 Paper and pulp group Mondi on Thursday made an all-cash offer of €16.48 a share for the 17-million shares (34%) it does not already own in its Polish operation, Mondi Swiecie. The offer comprises a premium of 15.6% over the last three months’ average price of €14.26 a share and a premium of 4.1%... 

Mondi expects headline earnings to soar

By: Henry Lazenby     14th February 2012 LSE- and JSE-listed Mondi on Tuesday said it expected its headline earnings for the 2011 financial year to be considerably higher that that of 2010. Headline earnings a share were expected to be between €0.67 and €0.72 for the period ended on December 31, which is an increase of between 40% and... 

Chemical cellulose demand ‘relatively’ strong, expansions on track – Sappi

By: Natasha Odendaal     8th February 2012 Paper and packaging group Sappi said on Wednesday that its chemical cellulose business, which accounts for most of its operating profit in Southern Africa, continued to perform strongly, helped by a weaker rand/dollar exchange rate. The business is based on dollar chemical cellulose prices,... 

Small farmers in big industry earn consistent income

By: Schalk Burger     20th January 2012 Smallholders, with less than 50 ha in Malaysia, are earning a steady income from the production of palm oil, which is linked to the large-scale, corporate industry manufacturing oils, cosmetics components, biofuels, natural fertilisers and soaps, says Malaysian Minister of plantation industries... 

Bank enters sustainable forestry collaboration

By: Megan van Wyngaardt     20th January 2012 South African banking firm Nedbank Capital and public engagement project Face the Future have signed a pioneering memorandum of understanding (MoU) designed to facilitate collaboration between the two with the sole intention of enabling them to jointly develop sustainable forestry projects in... 

€20m biomass-fuelled plant to be completed end-2012

By: Natasha Odendaal     30th September 2011 Power and heating plant solutions company MW Power, a joint venture between global sustainable technology providers Metso and Wärtsilä, has started construction of a modularised biomass power plant for combined heat and power (CHP) production for local energy utility Heizkraftwerk Zwickau Süd, in... 

Group to assess Mpumalanga biomass-to-energy potential

By: Natasha Odendaal     9th September 2011 Engineering, management and specialist technical services group Aurecon and sugar producer TSB Sugar have been contracted by the Mpumalanga Cane Growers Association to undertake a feasibility study to investigate boosting economic development in rural areas in Mpumalanga’s Nkomazi district, using... 

Financier moves ahead with biofuels project 

By: Natasha Odendaal     9th September 2011 The Industrial Development Corporation is moving forward with one of three planned projects to establish the South African biofuels industry. 

York reports fourfold operating profit increase

By: Loni Prinsloo     8th September 2011 Forest products group York on Thursday reported a fourfold increase in operating profit to R169.9-million in its 2011 financial year, as it continued to improve its margins. However, after-tax profit fell to R38.3-million in the year ended June 30, compared with last year’s R64.6-million, after... 

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