Steve Binnie News Today

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Within the context of ongoing challenging global macroeconomic conditions and weak paper markets I am pleased that the group delivered EBITDA of US$156 million, which was in line with guidance provided in the prior quarter.”

JOHANNESBURG--(BUSINESS WIRE)--Feb 7, 2024--

Key Insights Sappi will host its Annual General Meeting on 7th of February CEO Steve Binnie's total compensation...

Sappi CEO Michael Haws Recognized as a 2023 Top CEO in Maine

Sappi CEO Michael Haws Recognized as a 2023 Top CEO in Maine

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Less demand for graphic paper has led to increased production of dissolving pulp for textiles and clothing, as well as ‘green’ paper packaging to replace plastic: Steve Binnie.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the records achieved in FY2022, I am pleased that we have been able to deliver a satisfactory set of results under particularly difficult circumstances with an EBITDA excluding special items of US$731 million for the year ended September 2023. The widespread disruption caused by ongoing geopolitical instability, weak global economic growth, rising interest rates, and an underperforming Chinese econ...

Sappi has started a consultation process on the potential closure of its Lanaken Mill in Belgium, while also announcing that it has completed its consultation process on the possible closure of its Stockstadt Mill in Germany.

The persistent global economic downturn is proving to be much tougher than anticipated, putting significant pressure on Sappi. The company has closed its Stockstadt Mill, and has commenced consultation on the potential closure of its Lanaken Mill.