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Forest Products News

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... 

Forestry firm completes feasibility study for 20MW cogen plant

By: Chanel de Bruyn     29th May 2009 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 forward for the project. In October, Safcol had shortlisted three candidates to undertake the... 

Nampak interim profit declines sharply to R395m

By: Esmarie Swanepoel     21st May 2009 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 the six months ended March 31, compared with the 109,9c a share in same period in 2008. The trading... 

York appoints new finance chief

By: Creamer Media Reporter      18th May 2009 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 over the position from acting CFO Koot van der Walt, who had replaced former CFO John Lehman in March. 

SA subject to two new antidumping measures

By: Creamer Media Reporter      7th May 2009 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 Thursday. The organisation revealed that 138 new final antidumping measures had been implemented during... 

European order books starting to improve – Mondi

By: Chanel de Bruyn     7th May 2009 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 global economic uncertainty would continue to create challenges for the remainder of the year. He noted... 

Sappi swings to loss, sees better Q3

By: Chanel de Bruyn     5th May 2009 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 year, owing to a number of internal measures it has been implementing. Reporting on the group’s... 

Process-roller supplier undergoes far-reaching reorganisation

By: Leandi Kolver     1st May 2009 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 divisions. 

EU defends approval of M-real, Sappi deal

By: Creamer Media Reporter      24th April 2009 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 Workers and Employees in Salzburg, Austria has said the deal put Sappi in a dominant position in the... 

Mondi in R38,7m land claim settlement

By: Creamer Media Reporter      17th April 2009 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 chairperson Cyril Ramaphosa signed the agreement with Land Affairs Minister Lulu Xingwana. 

York appoints new CEO, Cooper moves to marketing position

By: Chanel de Bruyn     9th April 2009 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 at Hans Merensky Timber until January, would take over as CEO from Lance Cooper on April 8. 

York names acting CFO after Lehman resigns

By: Creamer Media Reporter      17th March 2009 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 and financial director for Komatiland Forests. He had also held a number financial and operational... 

Mill expansion project under way

By: Loni Prinsloo     6th March 2009 Africa’s largest packaging group Nampak is currently rolling out its R600-million expansion project at its corrugated paper mill in Rosslyn, Pretoria. 

Packaging group anticipates demand drop

By: Loni Prinsloo     6th March 2009 Diversified packaging group Nampak states that the paper and board packaging industry has moved into a period of lower demand owing to falling global and local consumer demand. 

Instrument specialist supplies paper industry

By: Loni Prinsloo     6th March 2009 Instrument specialist Endress+Hauser supplied all the process instrumentation equipment for paper and packaging group Mondi’s RB720 expansion and its Merebank mill upgrade.

 

New papermaking concept released

6th March 2009 Paper manufacturer Metso Paper has released its improved concept for uncoated wood-free production (WFU). The new concept is based on standardised solutions and is designed for a yearly production of up to 250 000 t. 

Paper industry remains competitive despite economic pressure

By: Loni Prinsloo     6th March 2009 Like many other manufacturing sectors in the country, the paper manufacturing industry is experiencing increased pressure as a result of the current economic crunch, states the Paper Manufacturers Association of South Africa (Pamsa). 

Plans in place to develop local forestry industry

By: Loni Prinsloo     6th March 2009 The South African State-owned Industrial Development Corporation (IDC) is working with the Department of Water Affairs and Forestry (Dwaf) and local growers to develop South Africa's forestry industry. 

Printer acquires new press

By: Loni Prinsloo     6th March 2009 Printer of books, magazines, newspapers and commercial print in South Africa, CTP Printers has installed a new 48-plus page long hybrid Lithoman printing press from MAN Roland, with the latest technology, the first of its kind in the country. 

Increased focus on energy 
efficient projects 

By: Loni Prinsloo     6th March 2009 South Africa’s State-owned Industrial Development Corporation (IDC) envisages an increase in more energy-efficient investments in the wood, paper and board industry during the course of the year. 

York Timbers suspends acquisition programme  

By: Chanel de Bruyn     4th March 2009 Solid wood products group York Timbers has shifted its operational focus in a different direction than six months ago and has suspended its acquisitions programme and slowed down its replanting programme, CEO Lance Cooper announced in a presentation to shareholders on Wednesday. Just six months... 

Sappi closes North American paper mill, expects operating loss

By: Chanel de Bruyn     2nd March 2009 As global markets continued to deteriorate, paper and pulp producer Sappi on Monday warned that it had experienced lower demand and weaker pricing in some markets post the release of its first-quarter results in February, prompting it to suspend operations at a North American paper mill.... 

Mondi plans to save €180m in ‘challenging’ 2009

By: Esmarie Swanepoel     26th February 2009 Paper and pulp producer Mondi planned to cut an estimated €180-million in cost during the 2009 financial year, said group CEO David Hathorn on Thursday. Mondi, which is listed on the Johannesburg and London bourses, is closing mills in the UK and various European countries as paper producers in... 

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