Sappi announces intention to close Sappi Usutu Mil
30 Ottobre 2009 - 8:00AM
UK Regulatory
TIDMSAZ
RNS Number : 6492B
Sappi Ld
30 October 2009
+-----------------------------------------------------------+---------------------+
| | Southern Africa |
| | |
+-----------------------------------------------------------+---------------------+
Embargo until 08:00 Friday, 30 October 2009
Media Release
30 October 2009
Intended closure of Sappi Usutu Pulp Mill and restructuring of forestry business
in the Kingdom of Swaziland in response to market conditions and forest fire
damage
In response to adverse market conditions, as well as the cumulative severe
impact of fire damage over the past few years, in particular the fires of August
2008 which destroyed 40% of the Usutu timber crop, it has become apparent that
the Sappi Usutu Pulp Mill is no longer sustainable.
Sappi has therefore today announced that it will begin the process of consulting
with staff and all other relevant stakeholders regarding its intention to close
the Usutu Pulp Mill on 31 January 2010. With the closure of the mill Sappi would
also exit the unbleached softwood flash-dried pulp market served by Usutu Pulp
Mill. The mill has a capacity of 190,000 tonnes annually.
Sappi will continue to seek future beneficiation opportunities for the
profitable utilisation of the Usutu forests. This could include the introduction
of new investors.
The Sappi Usutu Pulp Company directly employs around 600 people.
ENDS
Issued by:
Brunswick South Africa on behalf of Sappi Limited
Tel + 27 11 502 7300
Fax + 27 11 268 5747
For further information contact:
+---------------------------------------+---------------------------------------+
| Shane Perrow | André F Oberholzer |
| General Manager | Group Head Corporate Affairs |
| Sappi Usutu Pulp Company | Sappi Limited |
| Tel +268 452 5110 | Tel +27 11 407 8044 |
| Mobile +268 602 0303 | Mobile +27 83 235 2973 |
| shane.perrow@sappi.com | andre.oberholzer@sappi.com |
| | |
+---------------------------------------+---------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCWUGRUUUPBUQU
Grafico Azioni Sappi (LSE:SAZ)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Sappi (LSE:SAZ)
Storico
Da Dic 2023 a Dic 2024
Notizie in Tempo Reale relative a Sappi (Borsa di Londra): 0 articoli recenti
Più Sappi Ld Articoli Notizie