http://www.engineeringnews.co.za
R/€ = 16.18 Change: -0.18
R/$ = 13.71 Change: -0.14
Au 1280.77 $/oz Change: -6.98
Pt 920.00 $/oz Change: -3.50
 

Forest Products News

Significant drive to reduce paper wastage

     5th March 2010 Paper merchants for commercial printers NOR Paper, a division of Bytes Document Solutions, MD Raymond Blake says that there are several initiatives currently employed in the corporate world to reduce paper wastage. 

Broader mix for paper 
machine supplier

By: Eleanor Seggie     5th March 2010 Paper machine supplier Metso Paper South Africa will offer a broader product range in response to the financial downturn MD Pierre de Villiers says. 

New framework for skills development

By: Eleanor Seggie     5th March 2010 The Paper Manufacturers Association of South Africa (Pamsa) is tackling the skills shortage in the paper industry through the implementation of its newly developed national research framework. 

Innovation provides alternative energy source

By: Eleanor Seggie     5th March 2010 Local handmade paper and products marketer and sales agent Phumani Paper is actively involved in assisting community-based enterprises to diversify their income base by introducing new and innovative products. One of these products is the ecofuel briquette.  

Exports on the rise for industry

By: Eleanor Seggie     5th March 2010 The South African paper, pulp and board industry has consistently increased exports of paper and board and maintained imports at similar levels for the past three years, despite facing a number of challenges, says Paper Manufacturers Association of South Africa (Pamsa), executive director Jane... 

Technology boom – a potential threat to industry

By: Eleanor Seggie     5th March 2010 The technological boom poses a potential threat for the paper and pulp industry in that globally, more people are turning to digital media rather than newsprint. Paper and pulp producer Sappi is responding to this threat with its own initiatives.  

Sappi expects weaker Q2 profit as input costs rise

By: Chanel de Bruyn     1st March 2010 Paper and pulp producer Sappi expected its 2010 second-quarter operating profit, excluding special items, to remain positive, but said this would be below the level achieved in the first quarter of the year, given rising input costs. Speaking at the group’s annual general meeting, on Monday,... 

William Tell lifts half-year revenue

By: Chanel de Bruyn     18th February 2010 Wood-based panel (WBP) manufacturer William Tell has seen a marginal increase in revenues in the six months ended December 31, 2009, which it said could indicate that it had reached the bottom of the market. The company noted in a statement to shareholders on Thursday that trading conditions... 

Mondi expects full-year loss

By: Chanel de Bruyn     16th February 2010 Paper and pulp manufacturer Mondi expects to report a basic loss a share of between €0,04 a share and €0,08 a share for the 2009 full-year, saying that its results had been impacted on by a €128-million net special items charge. The company had recorded a €0,41 a share basic loss in 2008, after... 

Sappi in talks with potential buyers for closed Usutu business 

By: Terence Creamer     28th January 2010 Paper and pulp producer Sappi, which is in the final stages of closing its Usutu operations, in Swaziland, has received approaches from several interested buyers, but it could not disclose the nature of the bids at this stage. Sappi CEO Ralph Boëttger said that the decision to close Usutu by the... 

Sappi to close Finnish paper mill in early 2010 

By: Chanel de Bruyn     10th December 2009 Paper and pulp producer Sappi’s Finnish subsidiary, Finland I Oy, announced on Thursday that it would permanently close its 137-year-old 210 000-t/y Kangas paper mill by early 2010. In October, the subsidiary reported that it could close the mill, which employed about 150 people, owing to an... 

Thummer appointed to Sappi board

By: Chanel de Bruyn     23rd November 2009 Paper and pulp producer Sappi has appointed Dr Rudolf Thummer as a nonexecutive director, following the retirement of David Brink and Dr Franklin Sonn at the end of this year. Thummer, who has held a number of senior executive positions at Sappi, Sappi Fine Paper Europe and the Hannover Papier... 

Sappi expects better 2010 results as demand improves

By: Chanel de Bruyn     9th November 2009 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 financial year, CEO Ralph Boëttger said on Monday. He noted that the group was likely to experience... 

Paper group’s Polish subsidiary completes business refinancing

By: Esmarie Swanepoel     2nd November 2009 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 nine-year syndicated European Investment Bank (EIB) guarantee facility for more than 521-million Polis... 

Sappi plans to shut Swaziland pulp mill, 600 jobs at risk

By: Creamer Media Reporter      30th October 2009 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 in the Southern African country. The company announced on Friday that it would start a consultation... 

Mondi sees stable improvement in volumes, some price increases

By: Chanel de Bruyn     27th October 2009 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 conference call on Tuesday. The group was continuing to perform according to management expectations,... 

Sappi aims to reduce carbon footprint, signs Copenhagen communiqué

By: Creamer Media Reporter      26th October 2009 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 has also become a signatory to the Copenhagen Communiqué on Climate Change. Sappi CEO Ralph... 

Sappi may close 210 000-t/y mill in Finland

By: Chanel de Bruyn     22nd October 2009 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 could involve the permanent closure of the 210 000-t/y Kangas mill. The paper producer said that... 

Mondi appoints John Nicholas to board

By: Chanel de Bruyn     2nd October 2009 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 dual-listed company (DLC) audit committee and a member of its DLC nominations committee. Nicholas is a... 

Sappi to delist from London bourse in November

By: Chanel de Bruyn     2nd October 2009 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 volumes do not warrant the listing and associated costs. The rationale for our 1992 listing on the LSE... 

Mondi starts up new paper machine in Poland

By: Chanel de Bruyn     3rd September 2009 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 Thursday. This was in line with the group’s earlier announcements that the €350-million project would... 

Afgri lifts FY profit on near-record maize crop, improved environment

By: Chanel de Bruyn     2nd September 2009 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 R299-million in net profit achieved in the 16 months ended June 2008. Its diluted earnings a share improved to... 

Sappi may retrench 400 workers at SA mills

By: Chanel de Bruyn     31st August 2009 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 its South African mills. Sappi Southern Africa CEO Jan Labuschagne announced in a statement on... 

York earnings could fall by as much as 143%

By: Chanel de Bruyn     28th August 2009 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 Friday. Its headline earnings a share (HEPS) for the 18 months ended June were expected to decline by... 

Sappi completes refinancing transactions

By: Creamer Media Reporter      28th August 2009 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 sheet. “The successful completion of our refinancing will take care of our liquidity and significant... 

Sappi to permanently close US paper mill

By: Esmarie Swanepoel     26th August 2009 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 about 190 employees, who have been on furlough since the suspension of operations at the mill, which was... 

Mondi swings to loss, South African 
operations feel impact of economic crisis

By: Chanel de Bruyn     21st August 2009 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 group’s European and International division in the first six months of the financial year, CEO David... 

Sappi sees pulp market improving, may post operating profit in Q4

By: Chanel de Bruyn     14th August 2009 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 to improve. The group reported a net loss of $62-million for the three months ended June 30, 2009,... 

Mondi swings to loss, SA operations feel impact of economic crisis

By: Chanel de Bruyn     5th August 2009 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 group’s European and International division in the first six months of the financial year, CEO David... 

Sappi sees pulp market improving, may post operating profit in Q4

By: Chanel de Bruyn     30th July 2009 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 to improve. The group on Thursday reported a net loss of $62-million for the three months ended June... 

Mondi expects earings to fall

By: Esmarie Swanepoel     28th July 2009 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 between €0,05 and €0,10 a share, compared with the €0,24 a share reported in the corresponding... 

Sappi to raise $800m in bond issue

By: Chanel de Bruyn     27th July 2009 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 announcement that it would offer $500-million worth of senior secured notes, which would be issued by... 

Tongaat Hulett sees big jump in interim profit

By: Creamer Media Reporter      22nd July 2009 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 R252-million the year before. Headline earnings a share for the six months ended June 30, 2009, would... 

Price of sugar, maize could rise as El Niño looms

By: Terence Creamer     17th July 2009 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, Investec Asset Management's soft commodities analyst Dawid Heyl says. Over the past few weeks' the... 

Tribunal approves €750m Sappi-M-Real merger

By: Chanel de Bruyn     8th July 2009 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 coated graphic paper unit at the end of 2008, saying that this would increase its European graphic-paper... 

Paper group to team up with 
street collectors for recycling cause

By: Leandi Kolver     12th June 2009 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 landfill sites and, at the same time, creates jobs. 

York to shut timber mills as slowdown bites, 500 jobs may be cut

By: Terence Creamer     9th June 2009 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 account of difficult economic conditions. CEO Piet van Zyl told Engineering News Online that the... 

Latest News

more

Latest Videos

more

Projects

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close