Update on strategic projects in Norske Skog

Sappi Limited, the South African based leading global supplier of dissolving wood pulp (DWP), speciality and packaging papers, printing (graphic) papers and biomaterials has confirmed plans and ongoing projects to significantly increase DWP capacity by 2020. In particular, Sappi has started preparatory work for the potential expansion of its Saiccor DWP Mill to ensure that the company would be in a position to increase the mill's capacity by up to 250,000tpa to meet strong projected demand growth. Building on the previously announced debottlenecking investments which will increase the Saiccor Mill capacity by 10,000tpa by the end of 2018, work has also started at increasing the chipping capacity and modernising the Saiccor Mill wood yard. The new equipment for the wood yard is scheduled to be delivered and installed at the end of 2018, with start-up planned for January 2019. The wood yard investments will result in cost, quality, environmental and efficiency benefits to the Saiccor Mill and is also a major step towards preparing the Saiccor Mill to expand by a further 250,000tpa. Click Read More below for additional information.

Sappi North America announces a transactional price increase on new and unconfirmed orders that book with confirmed delivery dates on or after Monday, January 15, 2018 on the following products: A $2.00 per CWT US$/$2.56 per CWT CAD$ increase on: Flo Folio Sheets, Digital Sheets and Sheeter Rolls – all basis weights, all finishes, EuroArt Folio Sheets and Digital Sheets – all basis weights, all finishes. Standard differentials and upcharges apply. This price increase includes all private label programs.

Total European shipments of graphic papers in August 2020 were down 24.5% vs. August 2019 and are down 20.6% year-to-date. Total European shipments of newsprint in August 2020 were down 25.0% vs. August 2019 and are down 18.3% year-to-date. Total European shipments of sc-magazine in August 2020 were down 21.3% vs. August 2019 and are down 20.1% year-to-date. Total European shipments of coated mechanical reels in August 2020 were down 32.2% vs. August 2019 and are down 28.1% year-to-date. Total European shipments of uncoated mechanical (improved & others) in August 2020 were down 13.4% vs. August 2019 and are down 9.8% year-to-date. Total European shipments of coated woodfree reels in August 2020 were down 33.1% vs. August 2019 and are down 26.8% year-to-date. Total European shipments of uncoated woodfree reels in August 2020 were down 15.7% vs. August 2019 and are down 15.8% year-to-date.