All data is delayed
Loading...
See More

Sappi to retool mill for coated paper

Sep 25 2012 09:38
Reuters

Company Data

SAPPI LIMITED [JSE:SAP]

Last traded 97
Change 0
% Change 0
Cumulative volume 4339
Market cap 0

Last Updated: 26-04-2017 at 09:11. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Sappi third-quarter loss widens

Sappi puts debt cut before investment

Sappi bumps up second-quarter profit

Sappi prices $700m notes offering

 

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.


* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.



 
sappi

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about...

#JunkStatus

So, the worst has finally happened. S&P and Fitch officially downgraded SA to junk status following the ill-timed Cabinet reshuffle.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you have a budget set aside for Easter holiday spending?

Previous results · Suggest a vote

Loading...