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Forest Products News

Valli Moosa appointed to Sappi board

By: Creamer Media Reporter      2nd August 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 conclusion of Sappi’s... 

Sappi posts $64m profit as pulp prices, demand improve

By: Chanel de Bruyn     2nd August 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 $64-million in the third quarter of the... 

Mondi expects big improvement in half-year results

By: Creamer Media Reporter      30th July 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 the year before. Basic... 

Sappi combines Southern African paper and packaging businesses

By: Creamer Media Reporter      15th July 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 Sappi Kraft would merge to become... 

Nampak reports 22% profit increase, revenues fall

By: Creamer Media Reporter      27th May 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 66,9c a share the year before,... 

Sappi expects pulp prices to remain firm for 2010

By: Loni Prinsloo     7th May 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, precipitated mainly by the... 

Mondi to boost SA unit’s pulp exports

By: Loni Prinsloo     6th May 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 that the company would... 

Mondi sells European paper merchant for €60m

By: Creamer Media Reporter      5th May 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 its net debt. 

Sappi Forests buys 14 500-ha plantation from Mondi

By: Loni Prinsloo     20th April 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 14 500 ha in extent, of which 9... 

Transpaco buys Nampak unit for R30m

By: Creamer Media Reporter      15th April 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 be financed from the group’s... 

Flooring increasingly taking on environment friendly benefits

By: Eleanor Seggie     9th April 2010 Flooring suppliers Floors Direct now stock environment-friendly and durable bamboo flooring, says Floors Direct MD Jose Dos Passos. 

Sappi plans R814m empowerment deal

By: Chanel de Bruyn     24th March 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 conference call that the deal was... 

Significant drive to reduce paper wastage

5th March 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. 

Broader mix for paper 
machine supplier

By: Eleanor Seggie     5th March 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. 

New framework for skills development

By: Eleanor Seggie     5th March 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. 

Innovation provides alternative energy source

By: Eleanor Seggie     5th March 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.  

Exports on the rise for industry

By: Eleanor Seggie     5th March 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 (Pamsa), executive director Jane... 

Technology boom – a potential threat to industry

By: Eleanor Seggie     5th March 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.  

Sappi expects weaker Q2 profit as input costs rise

By: Chanel de Bruyn     1st March 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 general meeting, on Monday,... 

William Tell lifts half-year revenue

By: Chanel de Bruyn     18th February 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 Thursday that trading conditions... 

Mondi expects full-year loss

By: Chanel de Bruyn     16th February 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 share basic loss in 2008, after... 

Sappi in talks with potential buyers for closed Usutu business 

By: Terence Creamer     28th January 2010 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 decision to close Usutu by the... 

Sappi to close Finnish paper mill in early 2010 

By: Chanel de Bruyn     10th December 2009 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 about 150 people, owing to an... 

Thummer appointed to Sappi board

By: Chanel de Bruyn     23rd November 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 Europe and the Hannover Papier... 

Sappi expects better 2010 results as demand improves

By: Chanel de Bruyn     9th November 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 group was likely to experience... 

Paper group’s Polish subsidiary completes business refinancing

By: Esmarie Iannucci     2nd November 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 more than 521-million Polis... 

Sappi plans to shut Swaziland pulp mill, 600 jobs at risk

By: Creamer Media Reporter      30th October 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 it would start a consultation... 

Mondi sees stable improvement in volumes, some price increases

By: Chanel de Bruyn     27th October 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 to management expectations,... 

Sappi aims to reduce carbon footprint, signs Copenhagen communiqué

By: Creamer Media Reporter      26th October 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 Change. Sappi CEO Ralph... 

Sappi may close 210 000-t/y mill in Finland

By: Chanel de Bruyn     22nd October 2009 With an apparent overcapacity of coated magazine paper in Europe, paper and pulp producer Sappi’s Finnish subsidiary, Finland I Oy, was looking at ways to improve the company’s profitability, which could involve the permanent closure of the 210 000-t/y Kangas mill. The paper producer said that... 

Mondi appoints John Nicholas to board

By: Chanel de Bruyn     2nd October 2009 South African paper and packaging group Mondi has appointed a member of the UK Financial Reporting Review Panel, John Nicholas, as nonexecutive director, as well as chairperson of the group’s dual-listed company (DLC) audit committee and a member of its DLC nominations committee. Nicholas is a... 

Sappi to delist from London bourse in November

By: Chanel de Bruyn     2nd October 2009 Pulp and paper group Sappi will delist from the LSE as from November 2, but will retain its primary listing on the JSE and its secondary NYSE listing, it announced on Friday. “The low trading volumes do not warrant the listing and associated costs. The rationale for our 1992 listing on the LSE... 

Mondi starts up new paper machine in Poland

By: Chanel de Bruyn     3rd September 2009 Paper and packaging group Mondi’s new 470 000-t PM7 lightweight recycled containerboard paper machine, in Swiecie, in Poland, has been started up and is producing paper, the group announced on Thursday. This was in line with the group’s earlier announcements that the €350-million project would... 

Afgri lifts FY profit on near-record maize crop, improved environment

By: Chanel de Bruyn     2nd September 2009 A strong agricultural year in South Africa led to JSE-listed agricultural services group Afgri increasing its net profit for the year ended June 30, 2009, to R354-million, up 18% on the R299-million in net profit achieved in the 16 months ended June 2008. Its diluted earnings a share improved to... 

Sappi may retrench 400 workers at SA mills

By: Chanel de Bruyn     31st August 2009 The Southern African division of paper and pulp producer Sappi has started a consultation process with employees and labour unions over the possible retrenchment of up to 400 employees at three of its South African mills. Sappi Southern Africa CEO Jan Labuschagne announced in a statement on... 

York earnings could fall by as much as 143%

By: Chanel de Bruyn     28th August 2009 Solid wood products group York Timbers expects its earnings a share (EPS) for the year ended June 30, 2009, to be between 123% and 143% lower than the previous financial year, it reported on Friday. Its headline earnings a share (HEPS) for the 18 months ended June were expected to decline by... 

Sappi completes refinancing transactions

By: Creamer Media Reporter      28th August 2009 Paper and pulp producer Sappi on Friday said it had successfully completed a series of refinancing transactions that would allow it to improve its debt maturity profile and strengthen its balance sheet. “The successful completion of our refinancing will take care of our liquidity and significant... 

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