Update: Fire at Sappi Saiccor Mill

With reference to the fire and subsequent explosion which occurred on a supplier truck delivering liquid oxygen to the Sappi Saiccor Mill in Umkomaas, KwaZulu-Natal, the following update can be provided.

The mopping up and assessment operation has been completed. The damage is limited to the vaporisers (used to turn liquid oxygen into gas usable by the plant) and some peripheral equipment. Replacement equipment is on site and being installed. Work should be completed by Sunday 21 July with phased start-up then reliant on receiving the prerequisite Department of Labour approval.

We would like to express our sincere gratitude to our suppliers and customers for their understanding during this short interruption. The impact of the event is not material within the quarter.
https://www.sappi.com/update-fire-at-sappi-saiccor-mill

Related Posts

Stora Enso Oyj Financial Statement Release 2020

Q4/2020 (year-on-year) *Sales decreased by 10.7% to EUR 2 154 (2 411) million, due to structural changes, lower prices and volumes. *Operational EBIT was EUR 118 (124) million, lower sales were mitigated by efficient cost management. *Operational EBIT margin increased to 5.5% (5.1%). *Operating profit (IFRS) decreased to EUR 289 (680) million. *Cash flow from operations amounted to EUR 436 (725) million. Cash flow after investing activities was EUR 223 (518) million. *The net debt to operational EBITDA ratio was 2.3 (2.0). *Operational ROCE excluding Forest division was 4.6% (5.0%). Year 2020 (year-on-year) *Sales were EUR 8 553 (10 055) million, mainly due to lower volumes and prices, and structural changes. *Operational EBIT decreased to EUR 650 (1 003) million, due to lower sales.

Metsä Group’s comparable operating result in January–March 2022 was EUR 244 million

JANUARY–MARCH 2022 (1–3/2021) *Sales were EUR 1,594 million (1,400). *Operating result was EUR 341 million (136). Comparable operating result was EUR 244 million (174). *Result before taxes was EUR 330 million (121). Comparable result before taxes was EUR 232 million (160). *Comparable return on capital employed was 15.8% (12.6). *Net cash flow from operations was EUR 135 million (95).

American Forest & Paper Association Releases April 2021 Printing-Writing Monthly Report

According to the report, total printing-writing paper shipments decreased three percent in April compared to April 2020. U.S. purchases of total printing-writing papers decreased six percent in April compared to the same month last year. Total printing-writing paper inventory levels decreased two percent when compared to March 2021. U.S. purchases of uncoated free sheet (UFS) papers in April increased 13 percent compared to last April while the inventory level decreased three percent compared to March 2021. UFS imports increased 12 percent while exports decreased 22 percent in March 2021. Coated free sheet (CFS) paper shipments decreased 17 percent compared to April 2020 while the inventory level decreased one percent compared to March 2021. CFS imports decreased 21 percent while exports increased 14 percent in March 2021. U.S. purchases of coated mechanical (CM) papers in April decreased 35 percent compared to last April while the inventory level decreased three percent compared to March 2021. CM imports and exports both decreased compared to March 2020, down nine percent and 29 percent respectively. Uncoated mechanical (UM) paper shipments decreased 21 percent compared to April 2020 while the inventory level increased 12 percent compared to March 2021. UM imports and exports both decreased compared to March 2020, down one percent and 47 percent respectively.
Back To Top
×Close search
Search