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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%...
Feb 21, 2011
After two difficult trading years, paper and packaging group Mondi on Monday reported a significant increase in its full-year earnings, buoyed by a recovery in demand, which led to a positive pricing environment. The Johannesburg- and London-listed group reported a...
Feb 10, 2011
Pulp and paper producer Sappi will, within the next six months, announce several projects aimed at increasing its chemical cellulose capacity – a product used primarily by the textiles sector and which has emerged as an increasingly material contributor to the...
Feb 09, 2011
Nov 19, 2010
Nov 01, 2010
Oct 29, 2010
 
 
 
Sep 30, 2010
Article contains comments
Forestry and forest products group York Timbers recorded a R64,6-million profit in the 2010 financial year, a significant turnaround on the R232-million net loss recorded in the previous financial year. The group, which was hit by falling demand and prices during...
Sep 23, 2010
Paper and packaging group Mondi has concluded its ninth land restitution settlement, transferring 258 ha of its forestry land to members of the Mkhwanazi community, in Port Durnford, in KwaZulu-Natal. The members of the community will gain ownership of the land...
Sep 17, 2010
Article contains comments
Paper and packaging group Sappi has renamed its secondary fibre division, formerly known as Sappi Waste Paper, to Sappi ReFibre. This formed part of the group’s commitment to sustainability and to recycle paper and reduce waste.
Sep 15, 2010
Solid wood products group York Timbers expects its headline earnings a share for the year ended June 30, 2010, to be between 112% and 120% higher than the year before. The group expected to report headline earnings a share of between 30c a share and 50c a share when...
Sep 08, 2010
Paper and packaging group Mondi will sell 25,1% of its interest in Israeli-based Mondi Hadera Paper to its joint-venture partner Hadera Paper Ltd for €10,4-million. Hadera Paper would then hold a 75% interest in the Israeli company, which owned a 145 000-t/y paper...
Aug 10, 2010
A strong performance for its Europe & International division and improving conditions in its South Africa division have led to paper and packaging group Mondi reporting interim headline earnings a share of €0,24 a share. This compared to a headline loss a share of...
Aug 02, 2010
Former Member of Parliament Valli Moosa has joined the board of pulp and paper producer Sappi as a nonexecutive director. The appointment of Moosa, who is chairperson of Sappi’s strategic black economic-empowerment (BEE) partner Lereko Investments, followed on the...
Aug 02, 2010
Higher global pulp prices and improved demand and sales volumes have led to a significantly better financial performance for paper and pulp producer Sappi during the third quarter of this year. The group, led by CEO Ralph Boëttger, reported a net profit of...
Jul 30, 2010
Paper and pulp producer Mondi expects to report considerably higher interim earnings, saying that its headline earnings a share for the six months ended June 30, 2010, were likely to be between 22c a share and 27c a share, compared with a 0,8c a share headline loss...
Jul 15, 2010
JSE-listed Sappi announced on Thursday that its Southern African unit would consolidate its paper and paper packaging businesses to strengthen its ability to meet customer requirements and to develop new business opportunities. Sappi Fine Paper South Africa and...
 
 
 
 
May 27, 2010
JSE-listed packaging group Nampak has recorded a 22,5% increase in net profit to R475,7-million for six months ended March 31, 2010, compared with R388,2-million in the first half of 2009. Headline earnings a share improved by 16,3% to 77,8c a share, compared with...
May 07, 2010
Pulp and paper company Sappi said on Friday that it expected pulp prices to remain at firm, at their current "somewhat elevated" levels, for the remainder of the year. The company, whose second quarter results were buoyed by strong increases in market pulp prices,...
May 06, 2010
Paper and pulp manufacturer Mondi plans to increase its South African business' primary exports of pulp to Europe and to ultimately shift the unit's focus away from paper exports to that market, it said on Thursday. Mondi CEO David Hathorn said in a conference call...
May 05, 2010
Paper and packaging group Mondi would sell its Europapier business to Austrian paper and pulp manufacturer the Heinzel Group for €60-million in cash, it announced on Wednesday. The JSE- and LSE-listed Mondi noted that the proceeds of the sale would be used to reduce...
Apr 20, 2010
Paper and pulp manufacturer Sappi Forests said on Tuesday that it had extended its plantation holdings in South Africa with the purchase of the Sjonajona plantation in the Mpumalanga province from Mondi. The plantation lies between Machadodorp and Barberton and is...
Apr 15, 2010
Empowered packaging manufacturer Transpaco would acquire fellow packaging firm Nampak’s Disaki Cores and Tubes, as well as Nampak’s Cleveland Packaging and Global Packaging businesses, for R30-million. Transpaco CEO Phillip Abelheim said that the acquisition would...
Apr 09, 2010
Flooring suppliers Floors Direct now stock environment-friendly and durable bamboo flooring, says Floors Direct MD Jose Dos Passos.
Mar 24, 2010
Paper and pulp manufacturer Sappi on Wednesday announced a proposed R814-million broad-based black economic empowerment (BBBEE) deal that would benefit employees and communities surrounding its mills and plantations in South Africa. CEO Ralph Boëttger said in a...
Mar 05, 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.
Mar 05, 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...
 
 
 
 
Mar 05, 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.
Mar 05, 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.
Mar 05, 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.
Mar 05, 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.
Mar 01, 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...
Feb 18, 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...
Feb 16, 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...
Jan 28, 2010
Article contains comments
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...
Dec 10, 2009
Article contains comments
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...
Nov 23, 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...
 
 
 
 
Nov 09, 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...
Nov 02, 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...
Oct 30, 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...
Oct 27, 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...
Oct 26, 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...
 
 
 
 
 
 
 
 
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