Norpac Announces Price Increase for Natural Choice Cut-size Papers

Sappi Limited announced that Marco Eikelenboom (53), currently Vice President Marketing & Sales, Graphic Papers at Sappi Europe, has been appointed as CEO of Sappi Europe as from 1 April 2021. Marco Eikelenboom succeeds Berry Wiersum (65), a 40-year veteran of the industry in Europe, who will retire at the end of March 2021. Berry Wiersum joined Sappi as CEO of Sappi Europe, a position he held for 14 years. Commenting on the retirement of Berry Wiersum, Steve Binnie, Chief Executive Officer of Sappi Limited said: “I would like to thank Berry for his significant service to Sappi during his 14 years with the company and for the support he has shown me as CEO. He is an outstanding leader both for the company and for the industry. His tenure saw massive changes as we made significant acquisitions, invested in machine rebuilds, restructured and refocused the business, all to ensure that Sappi could respond to and take advantage of the changes which were occurring. Most recently he also led Sappi Europe’s response to the Coronavirus pandemic. He and his team responded to each one with alacrity.”

Mercer International Inc. reported strong results for the fourth quarter and year ended December 31, 2017. Operating EBITDA* in the fourth quarter of 2017 increased by 54% to a record $89.1 million compared to $57.8 million in the fourth quarter of 2016 and by 39% from $64.0 million in the prior quarter of 2017. For 2017, Operating EBITDA increased by approximately 36% to $252.3 million from $185.7 million in 2016. For the fourth quarter of 2017, our net income was $41.7 million, or $0.64 per basic and diluted share, compared to $18.5 million, or $0.29 per basic and $0.28 per diluted share, in the fourth quarter of 2016 and $21.1 million, or $0.33 per basic and $0.32 per diluted share, in the prior quarter of 2017. For 2017, net income was $70.5 million, or $1.09 per basic and $1.08 per diluted share, after giving effect to a loss on the early settlement of debt of $10.7 million (or $0.16 per basic and diluted share), compared to $34.9 million, or $0.54 per basic and diluted share, in 2016. Click Read More below for additional information.

A collaborative effort between Sappi, MaBe and Kegelmann Technik GmbH from Rodgau-Jügesheim has culminated in the development of a biobased alternative for an injection moulding birdfeed-adapter. This development used the expertise of all partners. MaBe a German based company focused on upcycling and sustainability, sells lanterns made from recycled soda bottles. With recent innovation and adapters, these lanterns could now be used for bird-feeding devices. Partnering with Kegelmann Technik GmbH from Rodgau-Jügesheim, experts in the field of material composite formulations, these adapters were produced efficiently from more sustainable material. Instead of regular plastic, a natural fibre composite material was proposed. Sappi Symbio provided that alternative being a highly resistant, biocomposite cellulose fibre derived from responsibly managed renewable forests. This partnership has reflected the need for developing mutually beneficial, value adding products that could be recycled. This places a shared responsibility to move toward a sustainable future and recognise it is work that cannot be done alone.