Sappi shuts down Swiss mill
Fin24 - Jul 20th 2011, 14:16
Johannesburg - Paper maker Sappi said on Wednesday it would close its entire Biberist Mill in Switzerland after failing to find a buyer.
Some 550 employees will be affected by the closure and the company's annual graphic paper capacity will be reduced by 500 000 tonnes, it said in a statement.
"(Sappi) has been unsuccessful in its attempts to find a suitable acquirer to allow continued operations and employment at the mill. The company has therefore decided on the complete closure of the mill," it said.
Production at paper machines 8 and 9 has already ceased and production on the uncoated paper line will halt at the end of August, it added.
Sappi said there would be no interruption of supplies to customers and the volumes produced at Biberist will be transferred to other Sappi sites in Europe.
Mondi forecasts strong third quarter but warns of higher costs
11/10/2018 - 11:11
Packaging and paper group Mondi said it had a strong performance in the three months to September, but flagged higher costs, which it said were manageable.
Mondi benefits from strong demand and pricing power
16/05/2018 - 11:07
Paper maker Mondi is enjoying "a strong pricing environment in a number of our key product segments, supported by good demand growth", it said in a trading update.
SodaStream SA calls for bottling companies to reveal water sources and plans in Cape Town
12/02/2018 - 14:58
SodaStream South Africa joins call to action urging Coca-Cola to develop a plan to ensure Cape Town residents have access to water. This follows a petition released last night by Avaaz, a global web movement that brings people-powered politics to decision-making everywhere.
Why Sappi bought speciality paper business in Europe
19/12/2017 - 13:57
Sappi’s acquisition of a speciality paper business in Europe will help the company to reach its target of deriving a quarter of profits from speciality paper by 2020, says CEO Steve Binnie.
Sappi buys specialty paper assets for $149m
05/12/2017 - 11:18
Paper and pulp group Sappi said on Tuesday it would acquire speciality paper assets from Cham Paper Group, in a $149m deal that will be settled in cash.