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Sappi CEO says company's 'remarkable bounce-back' from lows of pandemic two years before, coupled with prospect of strong profitability for rest of year, point to group's resilience; tight global paper markets, higher selling prices drive strong fiscal Q2

Sappi Q2 2022 Earnings Call - Transcript

SappiĀ posts fiscal Q2 profit of US$188M, compared with year-ago loss of US$23M, as sales grow 45% year-over-year to US$1.86B, with pulp volumes up 9%, packaging, speciality paper volumes up 13%; higher selling prices offset 'extraordinary' cost inflation

Sappi to stop use of coal at its pulp, paper mill in Stockstadt, Germany, will decommission current coal-fired Boiler 9, run mill using only renewable biomass, natural gas; project will cut CO2 emissions by 100,000 tonnes/year when complete in September

Sappi Forests VP at World Forestry Congress in Seoul, South Korea, shines a light on South African commercial forestry plantations and the role they play in advancing UN Sustainable Development Goals

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