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Forest Products News

Sappi's first quarter profits rise on higher sales

By: Christy van der Merwe     31st January 2008 Pulp and paper giant Sappi on Thursday reported that basic earnings a share had jumped by 38% to $0,18 a share for the first quarter ended December 2007. Operating profit, excluding special items, increased by 46% to $92-million from $63-million a year ago, the company said.  

Mondi to set up container-board machine at Polish mill

By: Christy van der Merwe     31st January 2008 Paper and packaging manufacturer, Mondi announced on Thursday that its new lightweight recycled containerboard machine would be situated at it's Swiecie mill, in Poland. 

Mondi to go ahead with €525m Russian project

By: Matthew Hill     7th December 2007 Paper and pulp manufacturer Mondi said on Friday that it would proceed with a €525-million project in Russia to modernise and expand the low-cost and vertically integrated Syktyvkar.  

Adding value across the pulp and paper cycle

By: Terence Creamer     30th November 2007 As with just about every other commodity, China is currently offering the main price underpin for pulp prices, which have risen strongly over the last few months, but remain volatile. However, Mondi's Strategy and Business Development Director Andrew King tells Engineering News that the... 

SA unit’s BEE-plus makes it charter ready

By: Chanel de Bruyn     30th November 2007 Black empowered Mondi Packaging South Africa (MPSA) - with Mondi and the Shanduka Group as its main shareholders- believes that the new forestry sector charter, which could be unveiled soon, will be aligned as far as possible to the generic broad-based black economic-empowerment (BBBEE) codes, as... 

Recycling an informal sector growth engine

By: Chanel de Bruyn     30th November 2007 Recycling is a big informal sector growth engine and job creator and Mondi Packaging South Africa’s (MPSA’s) CEO Theo van Breda says he is committed to ensuring that it continues to develop and evolve despite the lack of enabling legislation. 

Development key to East Rand success, says Eaton

By: Chanel de Bruyn     30th November 2007 Development is key to the turnaround of Pamodzi Gold’s East Rand operations, says COO Tony Murdoch Eaton. 

Employees drive funds for rape victims

     30th November 2007 Employees of paper and packaging solutions company Mondi Packaging South Africa (MPSA), together with the Gauteng Department of Health opened a trauma centre at the Far East Rand Hospital, east of Johannesburg in November. 

SA paper giant eyes Russia's softwood riches

By: Terence Creamer     30th November 2007 Newly independent paper and packaging group Mondi - which unbundled from resources giant Anglo American in July and became only the second company to take up dual primary listings on the JSE and the London Stock Exchange - believes its low-cost fibre advantage is being further entrenched by a... 

Newly listed KayDav eyes national expansion  

By: Matthew Hill     15th November 2007 Wooden-board supplier KayDav, which joined the JSE's main board on Thursday, has plans afoot to nearly double its South African market share to 25%, CEO Gary Davidson said. 

Komatiland Forest faces abuse of dominance complaint

By: Matthew Hill     13th November 2007 The Competition Commission has found sufficient evidence to refer State-owned forestry firm Komatiland Forests (KF) to the Competition Tribunal, after a it received a complaint that KF was charging excessive prices for its timber on the spot market, which makes it difficult for smaller mills that... 

At what cost, lower prices?

By: Terence Creamer     12th October 2007 In recent years, much ink has been spilt (this publication being no exception) over the potential employment benefits that could flow from more competitively-priced basic materials, particularly carbon steel. 

York grows earnings 36% on increased volumes

By: Mariaan Webb     26th September 2007 Forestry products York’s interim headline earnings a share increased by some 36% to 11,8c a share, on higher sales volumes, the group reported on Wednesday. 

York expects interim earnings to rise 35% y-on-y

By: Matthew Hill     21st September 2007 JSE-listed timber products firm York expects its diluted headline earnings a share for the half-year ended June 30 to be 35% higher than for the figure for the same period the previous year, it said on Friday. 

Mondi orders containerboard machine for European operations

By: Olivia Soraya Spadavecchia     18th September 2007 Paper and packaging firm Mondi has signed a delivery contract with Metso for a new lightweight recycled containerboard machine with a production capacity of up to 470 000 t/y.  

PG Bison to raise capacity next year, Steinhoff says

By: Mariaan Webb     10th September 2007 Timber firm PG Bison, a wholly owned subsidiary of JSE-listed Steinhoff, would start increasing its capacity early next year, when its North Eastern Cape Forest (NECF) project becomes operational.  

Mondi wraps up acquisitions

By: Olivia Soraya Spadavecchia     5th September 2007 Paper and packaging firm Mondi has completed its acquisition of a majority stake in Turkish corrugated packaging and containerboard business Tire Kutsan. 

Business wants industrial policy implementation to be accelerated

By: Terence Creamer     3rd September 2007 The South African business community is displaying none of the reticence partially attributed to it in reports following the release, by Trade and Industry Minister Mandisi Mpahlwa, of the National Industrial Policy Framework (NIPF) in early August, and would, in fact, like to see its... 

Bold forestry-products thrust rooted in rural development, manufacturing aspiration

By: Olivia Soraya Spadavecchia     24th August 2007 Biomass, export quality furniture, 100 000 ha of afforestation, thousands of downstream jobs - the list of possibilities and the potential for the forestry sector in the Eastern Cape and KwZulu-Natal is material. 

Paper group assessing extent of fire damage

By: Brindaveni Naidoo     17th August 2007 Fires continue to damage tracts of timberland in South Africa and Swaziland, says paper and pulp manufacturer Sappi. 

Sappi posts Q3 profit on higher prices, volumes, but input costs still weigh

By: Olivia Soraya Spadavecchia     6th August 2007 Paper producer Sappi on Monday posted a profit for the third quarter of its financial year, on improved European prices and increased export volumes, compared with a loss during the same period last year.  

Fires cost York Timber R103m

By: Olivia Soraya Spadavecchia     2nd August 2007 JSE-listed York Timber expects fire damage to its plantations and mills in the Lowveld to cost R103-million before tax, the company said on Thursday.  

Steep European timber price hikes tapering off - Mondi

By: Matthew Hill     1st August 2007 JSE- and LSE-listed paper and pulp company Mondi said that it had seen timber price increases for its central eastern European operations of as much as 20% for the six months ended June 30, but that these cost hikes seemed to have simmered down. 

Plantation fires damaged less than 5% of Mondi's local forests - CEO

By: Matthew Hill     1st August 2007 Paper and packaging firm Mondi, which separated from diversified mining giant Anglo American last month, said on Wednesday that the fires that had ravaged forests in Mpumalanga since Friday would not have a significant financial effect on the firm. 

York estimates 6 000 ha of plantations damaged by fires

By: Liezel Hill     30th July 2007 Fires, which began over the weekend, had damaged an estimated 6 000 ha of JSE-listed York Timber's plantations, the company reported on Monday.  

Mbeki identifies scaled-up local manufacture as top priority

By: Terence Creamer     29th July 2007 Large-scale value-added local manufacture had been identified as a top priority for the next two years, the President Thabo Mbeki said on Sunday, in his report back to the media on the outcomes of the mid-year Cabinet Lekgotla.He also revealed that embattled Trade and Industry Minister Mandisi... 

Newly empowered timber firm mulls Eastern Cape expansion

By: Christy van der Merwe     27th July 2007 South Africa's largest lumber product producer, Hans Merensky Timber (HMT), is newly empowered, with a combination of entities consisting of Vuka Forestry, Wiphold, and an HMT staff trust gaining ownership of a 26% stake in the business. 

Austro to buy three equipment firms for R130,5m

     19th July 2007 JSE-listed equipment supplier Austro has agreed to buy three local companies, Generator Hire, the Neptune group and Gearing Moss, for a total of R130,5-million, the firm said on Thursday. 

Dual-listed Mondi believes its empowerment initiatives are in line with new forestry scorecard

By: Olivia Soraya Spadavecchia     13th July 2007 Paper and packaging group Mondi, which recently dual-listed on the London Stock Exchange and the JSE, says that it is in line with the objectives of the new Forestry broad-based black economic-empowerment (BBBEE) Charter. 

York wraps up Global Forests acquisition

By: Nelendhre Moodley     12th July 2007 JSE listed forest products company York Timber (York), which acquired Global Forest Products and South African Plywood (GFP) for some R1,7-billion, on Thursday confirmed that the company had met all suspensive conditions pertaining to the deal. 

HM Timber sells 26% to black group, including Wiphold, Phosa's Vuka

By: Nelendhre Moodley     12th July 2007 Lumber product manufacturer Hans Merensky on Thursday announced that its subsidiary, HM Timber had signed a R260-million black economic-empowerment (BEE) transaction with Wiphold, Vuka Forestry Holdings (Vuka) and its staff. 

KZN fires likely to costs Sappi $5m

By: Creamer Media Reporter      11th July 2007 Forest products group Sappi reported on Wednesday that the costs associated with runaway fires that arose in the KwaZulu-Natal Midlands in late June were likely accumulate to some $5-million after tax. 

EIB approves R235m loan for Mpumalanga panel-board factory

By: Nelendhre Moodley     11th July 2007 The European Investment Bank (EIB), the European Union's development bank, has made a 25-million euro (around R235-million) loan to wood-based panels manufacturer Sonae Novobord, a 100%-owned subsidiary of the Sonae Industria SGPS multinational group. 

Mondi unveils Turkish, Austrian acquisitions worth R1,5bn

By: Matthew Hill     6th July 2007 Paper and packaging firm Mondi, which listed on the JSE and LSE on Tuesday, revealed on Friday that it would buy a majority stake in a Turkish packaging business and the entire share capital of an Austrian packaging company, in deals totalling nearly R1,5-billion.. 

Mondi Packaging gets competition approval for Lenco acquisition

By: Liezel Hill     4th July 2007 The Competition Tribunal on Wednesday unconditionally approved Mondi Packaging South Africa’s acquisition of plastic packaging firm Lenco for R780-million.  

William Tell lists on AltX

By: Nelendhre Moodley     3rd July 2007 Wood-based panels manufacturer, William Tell Holdings (William Tell), on Tuesday floated its shares on the JSE's AltX.  

Unbundled Mondi ready to roll out ambitious growth plans

By: Matthew Hill     3rd July 2007 Paper and packaging firm Mondi Ltd, which floated its shares on the JSE on Tuesday, after separating from mining giant Anglo American, plans to spend 875-million euros on brownfields growth projects in Russia and Poland, and R4,6-billion in South Africa, it said at the listing function in... 

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