Saiccor Mill News Today

Condra has manufactured a service and maintenance crane for Saiccor Mill’s Feed Three pulp dryer line at Umkomaas, South Africa

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Condra has manufactured a service and maintenance crane for Saiccor Mill’s Feed Three pulp dryer line at Umkomaas, South Africa

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the record profitability achieved last year, the group faced persistent challenges in the global economy and encountered ongoing weakness in paper and pulp markets.  Specifically, the paper businesses experienced a significant downstream destocking cycle.  Customers reduced their inventories in anticipation of lower prices, thereby affecting demand.

Pulp and paper group Sappi has reported a dip in profit to $69-million in the quarter ended March 31, compared with the profit of $188-million reported for the quarter ended March 31, 2022. CEO Steve Binnie attributes the lower profit to the group having to curtail production at its European and North American operations to match sluggish market demand for paper and prevent excess inventory accumulation.

Paper and packaging group Sappi has pleaded guilty to contravening environmental law by exceeding sulphur dioxide emissions at its Saiccor Mill in Umkomaas, KwaZulu-Natal, according to the National Prosecution Authority (NPA). 



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Press release content from Business Wire. The AP news staff was not involved in its creation.