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Sappi reports fiscal Q3 profit of US$199M, up from year-ago profit of US$18M, as revenue grows 30% year-over-year to US$1.82B; strong global paper demand, pricing momentum offset sharply rising costs and impact of scheduled maintenance shuts at four mills

Sappi announces further price increases up to 18% for its entire speciality paper portfolio, effective for delivery dates of Sept. 12, considering existing agreements; Sappi cites further increases of pulp, energy, chemicals and transportation costs

Sappi Europe to increase prices by 8%-10% on its range of woodfree coated and uncoated papers and paperboard, effective Sept. 12 for European customers; Sappi will continue to adjust pricing if costs escalate further

Sappi is fifth South African company to receive Science Based Targets Initiative approval of decarbonization goals; CEO says its responsible land and forestry practices, pulp, paper, biomaterials provide value-adding solutions in carbon-constrained world

Sappi launches Raw, a new coated paper that feels like an uncoated grade, provides print performance of coated papers with touch, feel, high whiteness, high bulk of uncoated paper; super-bright graphic paper made with ECF pulp, also FSC, PEFC certified

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