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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
Aug 05, 2011
Aug 04, 2011
Aug 03, 2011
 
 
 
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%...
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
Paper and pulp manufacturer Sappi will continue to reduce its debt in the 2011 financial year, CEO Ralph Boëttger said on Wednesday, announcing a $150-million notes buyback. Sappi’s debt increased to $2,43-billion in the December quarter, from $2,22-billion in the...
Nov 19, 2010
Wood-based panel (WBP) manufacturer William Tell has received the first R9-million of a manufacturing grant from the Department of Trade and Industry (DTI). In December last year, the AltX-listed company announced that it had been granted a R30-million grant from...
Nov 01, 2010
Paper and packaging group Mondi expects to continue to deliver a strong performance in the last quarter of the year, but warned that the continued strengthening of emerging market currencies was impacting on the competitiveness of some of the group’s businesses. The...
Oct 29, 2010
Gilboa Nature reserve is the first forestry property to be proclaimed as a private nature reserve within KwaZulu-Natal (KZN), under the biodiversity stewardship mechanism.

Through the biodiversity stewardship initiative, Ezemvelo KZN Wildlife, in partnership with...
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...
 
 
 
 
 
 
 
 
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