Sappi swings to a loss amid tariff wars
The group reported a $20m loss for the three months ended March
08 May 2025 - 09:40
UPDATED 08 May 2025 - 12:55
Global trade wars have dealt a blow to paper and pulp producer Sappi in recent months as China’s clothing sector adopts a more cautious stance towards the US.
The group swung to a $20m loss in the three months to end-March, compared with a $29m profit in the previous second quarter, as concern about declining US clothing imports put pressure on the price of dissolving wood pulp (DWP)...
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