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Sappi to retool mill for coated paper

Sep 25 2012 09:38 Reuters

Company Data

SAPPI LIMITED [JSE:SAP]

Last traded 41.88
Change -0.22
% Change -0.01
Cumulative volume 613052
Market cap 22.68bn

Last Updated: 21/08/2014 at 03:29. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Paper maker Sappi [JSE:SAP] said on Tuesday it would retool its Alfeld Mill in Germany to focus exclusively on the fast-growing market for one-sided coated paper used for packaging and labels.

The company said in a statement it saw strong growth and improved margins in the market and the project would take 12 months.

It did not provide a cost estimate but said the mill would become the world’s largest and lowest-cost producer of such paper.


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