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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 86
Change -1
% Change -1
Cumulative volume 1371756
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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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