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25 MW Sappi biomass project added to SA’s growing renewables portfolio

By: Terence Creamer     14th April 2015 Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The value of... 

York Timbers earnings down 53%

By: Leandi Kolver     30th September 2014 Forestry and forest products group York Timber Holdings on Tuesday reported earnings of R49.76-million for the year ended June 30, down 53% from the R106.86-million achieved during the prior year, with the decline mainly the result of reduced sawmill profitability and lower margins achieved by... 

York to post lower headline earnings a share

By: Creamer Media Reporter      6th September 2013 Forestry and forest products group York Timbers on Friday said its headline earnings a share (Heps) for the 2013 financial year would be between 19% and 24% lower than that recorded in the previous financial year. The group expected to report Heps of between 32c and 34c for the year, compared... 

Forestry group moves ahead plan to integrate Sabie site, extract more value 

By: Samantha Herbst     10th May 2013 Forestry and forest products group York Timbers is hoping to break ground early next year on its R1.5-billion site integration project at its Sabie facilities, in Mpumalanga, once it receives a record of decision from the Department of Environmental Affairs on its environmental-impact assessment... 

Richards Bay general-freight capacity expansion project, South Africa

By: Sheila Barradas     5th April 2013 Initial studies have been completed for a major expansion of the Port of Richards Bay’s general freight capacity. 

York Timbers maintains earnings despite strikes, operational cost pressures

By: Idéle Esterhuizen     12th March 2013 Despite a softening market, industrial action at the Komatiland Forests (KLF) operations, a fire and rising operational costs, forestry and forest products group York Timbers' headline earnings a share for the six months ended December 31, 2012, remained flat at 13c. The company’s revenue rose... 

Restructuring progress boosts York Timbers earnings 250%

By: Idéle Esterhuizen     25th September 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 increase from R162-million during... 

Richards Bay paper mill aims to add 47 MW of own generation by Nov 2013 

By: Terence Creamer     17th August 2012 Forest products group Mondi has announced plans to install a 47 MW steam turbine at its Richards Bay mill, in KwaZulu-Natal, which will further increase the facility’s power self-sufficiency and produce surplus electricity for input into the South African grid. Mondi tells Engineering News that... 

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