Sappi profits tumble on weak prices and soft demand
The world’s largest manufacturer of dissolving wood pulp expects the price of that product to recover
05 February 2020 - 08:33
Paper and packaging group Sappi, which is experiencing a slump in key product segments, has not committed to big new projects other than the upgrade of the Saiccor mill in KwaZulu-Natal, CEO Steve Binnie says.
Sappi attributed its decision to weak prices in the dissolving wood pulp (DWP) and graphic paper markets...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.