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Feb 06, 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....
Jan 17, 2013
Article contains comments
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...
Nov 30, 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.
Nov 02, 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...
Oct 12, 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...
Sep 25, 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...
Sep 14, 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...
Aug 23, 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...
Aug 17, 2012
Article contains comments
Aug 16, 2012
Aug 03, 2012
Jun 08, 2012
 
 
 
May 10, 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...
May 03, 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...
Apr 02, 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...
Mar 22, 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...
Mar 09, 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.
Mar 09, 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.
Mar 09, 2012
One of the largest irrigated farming ventures in Limpopo was commissioned in January and handed over to the Ikageng community, in Strydkraal.
Mar 09, 2012
Coated and laminated paper manufacturer Morgan Paper Coaters (MPC) has strengthened its structure and broadened its product range.
Mar 09, 2012
Durban-based innovative paper products manufacturer Pandu Paper will add a new laser cutting machine to its production line.
Mar 09, 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.
 
 
 
 
Feb 23, 2012
Article contains comments
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,...
Feb 22, 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...
Feb 16, 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...
Feb 14, 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...
Feb 08, 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...
Jan 20, 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...
Jan 20, 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...
Sep 30, 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...
Sep 09, 2011
Sep 09, 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...
 
 
 
 
Sep 08, 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...
Aug 05, 2011
While South Africa has experienced a challenging season, over the medium- to long-term, the fruit industry has a positive outlook, says fruit producer organisation Hortgro Services product manager Jacques du Preez.
Aug 04, 2011
South African paper manufacturer Sappi is “aggressively” pursuing restructuring and cost reduction plans, with cogeneration featuring strongly, CEO Ralph Boëttger said on Thursday. The JSE-listed company, which posted a third-quarter loss, said high input costs...
Aug 03, 2011
South African paper manufacturer Sappi said on Wednesday it would shut down its 47-year old Adamas mill, in Port Elizabeth, citing severe cost pressures and the uncompetitive nature of the mill. The closure would affect some 213 workers, the JSE-listed company said.
Jul 28, 2011
Paper and packaging group Mondi aims to settle all its land restitution claims in KwaZulu-Natal over the next two years, with 33 claims still outstanding, CEO David Hathorn said on Thursday. “This will be done as funding becomes available from government,” he told...
Jul 22, 2011
Johannesburg- and London-listed Mondi said on Friday that it expected a strong rise in profit and earnings for the first half of 2011. The paper and packaging group expected its half-year earnings a share to be between €0.38c a share and €0.43c a share, up from...
Jul 11, 2011
May 31, 2011
Paper and packaging group Mondi remained confident that the company would maintain an acceptable broad-based black economic empowerment (BBBEE) rating following the demerger and the separate listing of Mondi Packaging South Africa (MPSA) as Mpact on the JSE, group...
May 25, 2011
Diversified packaging company Nampak on Wednesday reported a 28% year-on-year increase in its interim headline a share to 93,5c a share, from 72,8c a share, on the back of stronger operating profit and lower financing costs The group’s trading margins improved from...
May 23, 2011
Paper and pulp producer Sappi Southern Africa reported on Monday that it had initiated consultations on the closure of the Adamas paper mill, in Port Elizabeth, citing “difficult” market conditions and input cost increases – a final decision would be be made towards...
 
 
 
 
May 16, 2011
JSE-listed sugar producer Illovo on Friday said that it had successfully raised R939-million in Swaziland to fund its Umbombo expansion and cogeneration project. MD Graham Clark said that the funding had been critical to the company’s expansion plans and would...
May 09, 2011
Paper and pulp producer Sappi on Monday announced that it would expand its Ngodwana mill operations in Mpumalanga to produce chemical cellulose, which is primarily used for viscose fibre in the textile industry, by 2013. The expanded mill would produce kraft...
May 05, 2011
JSE- and LSE-listed paper and packaging group Mondi on Thursday said that an increase in product prices and sales volumes more than offset growing input costs and reported a profit of €187-million for its first quarter, well in excess of profits from its previous two...
Apr 15, 2011
Johannesburg- and London-listed Mondi on Friday announced that it had inked a new €750-million credit facility, with a consortium of ten banks. CFO Andrew King said that the facility would further strengthen the group by extending its debt maturity profile and...
Apr 04, 2011
Paper and pulp manufacturer Sappi on Monday announced an offer of $680-million in senior secured notes to be issued in two series due in 2018 and 2021. The proceeds of the offering would be used to redeem the remaining outstanding amount of the issuer’s 6,75%...
 
 
 
 
 
 
 
 
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