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Sappi to Shut Swaziland Mill

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Sappi will close its Usutu pulp mill in Swaziland and reorganize its forestry assets in the country in response to falling demand and fire damage. The combination of “adverse market conditions” and cumulative damage since an August 2008 fire that destroyed 40 percent of Usutu's timber crop has meant the Usutu mill is no longer sustainable, the Johannesburg-based company said...

Sappi successfully concludes its acquisition of M-real's coated graphic paper business

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Sappi Limited, the leading producer of coated fine paper and chemical cellulose, announced that it had completed the acquisition of the coated graphic paper business of M- real, a Finnish board and paper manufacturer, for Euro 750 million ($1.1 billion), subject to purchase price adjustments for net debt and working capital. M-real's coated graphic paper business (other than in respect...