Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 11:05
As far as repayments on home loans are concerned, South Africans are in a much more favourable position than their foreign peers.
Johannesburg - Sappi will close its Usutu Pulp Mill in Swaziland, the paper manufacturer said on Friday.
The move was "in response to adverse market conditions, as well
as the cumulative severe impact of fire damage over the past few
years, in particular the fires of August 2008 which destroyed 40% of the Usutu timber crop", the company said in a statement.
Sappi would begin the process of consulting with staff and all
other interested parties regarding its intention to close the
operation on January 31 2010.
"With the closure of the mill Sappi would also exit the
unbleached softwood flash-dried pulp market served by Usutu Pulp
Mill," Sappi said.
The mill has a capacity of 190 000 tons annually.
Sappi said it would continue to seek future beneficiation
opportunities for the profitable use of the Usutu forests.
"This could include the introduction of new investors," it said.
The Sappi Usutu Pulp Company directly employs around 600 people.
- Sapa