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Forest Products

York Timbers appoints CFO
York Timbers appoints CFO
5th August 2013 By: Natalie Greve

JSE-listed York Timbers has announced the appointment of chartered accountant and chartered management accountant Pieter van Buuren as CFO, with effect from October 1.  He would replace acting CFO... 


Sappi Southern Africa CEO Alex Thiel
Sappi Southern Africa Q3 profit falls as weak European market persists
2nd August 2013 By: Idéle Esterhuizen

JSE-listed paper, pulp and packaging group Sappi’s Southern African arm recorded an operating profit, excluding special items, of R183-million for the third quarter ending June, down from an... 


Iliad gets nod for timber business sale to York
Iliad gets nod for timber business sale to York
26th July 2013 By: Natalie Greve

The Competition Commission has unconditionally approved the sale of Iliad Africa’s wholesale timber business to York Timbers for R45.5-million, following a decision by the building materials... 


Sappi offloads Usutu subsidiary for R1bn
Sappi offloads Usutu subsidiary for R1bn
1st July 2013 By: Natalie Greve

Paper, pulp and packaging group Sappi will sell its Usutu Forest Products subsidiary to timber products provider Montigny Investments for R1-billion in cash. The proceeds from the sale of Usutu,... 


Plan to bolster farm-supporting infrastructure starting to take shape
Plan to bolster farm-supporting infrastructure starting to take shape
28th June 2013 By: Joanne Taylor

South Africa’s agriculture sector faces a number of serious challenges and constraints. The spatial-zoning policies enforced before and during apartheid resulted in the extreme marginalisation of... 


Phaswana appointed joint Mondi chair
21st May 2013 By: Creamer Media Reporter

International packaging and paper group Mondi has appointed Fred Phaswana as joint chairperson with effect from June 1. Phaswana, who was currently chairperson of Standard Bank Group, Standard Bank... 


Waste and residual biomass can be converted into energy products
10th May 2013

A biomass-to-energy plant is being built to convert sugarcane waste to ‘green charcoal’, which will provide additional revenue for small-scale farmers in Nkomazi, Mpumalanga, says consulting... 


Forestry group moves ahead plan to integrate Sabie site, extract more value
Forestry group moves ahead plan to integrate Sabie site, extract more value
10th May 2013 By: Samantha Herbst

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... 


Sappi reports ‘disappointing’ Q2 results, dragged down by European market
Sappi reports ‘disappointing’ Q2 results, dragged down by European market
9th May 2013 By: Idéle Esterhuizen

JSE-listed paper, pulp and packaging group Sappi recorded a 68% drop in operating profit for the second quarter of the year to $40-million, down from $125-million in the 2012 equivalent period,... 


Mondi achieves 35% growth in Q1 underlying operating profit
3rd May 2013 By: Idéle Esterhuizen

JSE- and LSE-listed packaging and paper group Mondi recorded a 35% year-on-year increase in underlying operating profit to €162-million during the first quarter of 2013, in line with its... 


York Timbers granted leave to appeal confiscation order
3rd May 2013 By: Sapa

The Nelspruit Magistrate's Court has granted forestry company York Timbers leave to appeal against a confiscation order. The court granted a confiscation order of R450 000 in April, after York... 


Ngodwana mill receives new pulp dryer
19th April 2013 By: Anine Kilian

Global paper and dissolving wood pulp producer Sappi recently replaced the pulp dryer at its Ngodwana mill, in Mpumalanga, after its old dryer had reached the end of its economic life. 


Sappi to issue notes for bond payment, expansion
15th April 2013 By: Natalie Greve

Sappi Southern Africa will, on April 16, issue senior unsecured rate notes worth some R1.5-billion under its 2011 R5-billion domestic medium-term note programme. The total notes will comprise... 


York Timbers faces penalties for environmental contravention
10th April 2013 By: Creamer Media Reporter

JSE-listed York Timbers has been ordered to pay R450 000, plus interest, in a confiscation order granted to the Department of Environmental Affairs (DEA) by the Nelspruit Regional Court. The DEA on... 


York Timbers maintains earnings despite strikes, operational cost pressures
12th March 2013 By: Idéle Esterhuizen

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... 


Pulp demand increases while some paper grades slump
8th March 2013 By: Chantelle Kotze

As the worldwide recession subsides, the South African paper and pulp industry has settled, with some grades of sustainably produced pulp, packaging and tissue paper showing slight growth in demand. 


Focus on high-margin business areas
8th March 2013 By: Chantelle Kotze

A key focus for JSE-listed paper, pulp and packaging group Sappi this year is to return its Southern African business to profitability by implementing various interventions aimed at repositioning... 


Mpact FY earnings rise to 188.5c a share
7th March 2013 By: Natalie Greve

Packaging and paper manufacturer Mpact’s earnings a share saw a substantial rise to 188.5c for the year ended December 31, 2012, up from 54.9c in 2011. This increase, which was accompanied by a... 


Mondi well-positioned for growth following acquisitions
21st February 2013 By: Natasha Odendaal

JSE-listed Mondi Group would continue the integration and optimisation of its latest acquisitions as the group shifted its portfolio to exposure to higher-growth products. The group injected... 


Ngodwana specialised cellulose project to be commissioned in mid-2013
15th February 2013 By: Chantelle Kotze

Paper and packaging group Sappi’s $340m-million GoCell specialised cellulose (SC) expansion project at its Ngodwana Mill, in Mpumalanga, is on track for commissioning by mid-2013 to grow its SC... 


Mondi expects lower 2012 FY profit
12th February 2013 By: Natalie Greve

JSE-listed Mondi Group expected its underlying operating profit for the fourth quarter ended December 31, 2012, to be above that of the €135-million operating profit recorded in the third quarter... 


Sappi expects higher H2 operating profit after Q1 drop
6th February 2013 By: Idéle Esterhuizen

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... 


Nersa warned of job losses
17th January 2013 By: Sapa

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... 


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