.svg) | |
| Company type | Public |
|---|---|
| JSE:SAP | |
| Founded | 1936 |
| Headquarters | Johannesburg,South Africa |
Key people | Sir Nigel Rudd (Chairman) Stephen (Steve) Robert Binnie (CEO) Glen Thomas Pearce (CFO) |
| Products | Paper,pulp |
| Revenue |  US$5.809 billion (2023)[1] |
| US$432 million (2023)[2] | |
 US$210 million (2023)[3] | |
| Total assets | US$3.53 billion (2023)[4] |
| Total equity | US$2.44 billion (2023)[5] |
Number of employees | 12,329 (2023)[6] |
| Website | www.sappi.com |
Sappi Limited, originally incorporated asSouth African Pulp and Paper Industries Limited in 1936, is aSouth Africanpulp and paper company with global operations.[7][8]
SouthAfricanPulp andPaperIndustries Limited was founded in 1936.[9] The company is now known as Sappi and is headquartered inJohannesburg,[10][11] It produces and sells commoditypaper products,pulp,dissolving pulp, and forest andtimber products for Southern Africa and export markets.[12] In 2013, it was the world's largest producer of dissolving pulp.[13]
In 2003, Sappi announced that Andre Wagenaar had been appointed as the CEO of Sappi's Forest Products Division, with effect from 1 January 2004, when Dr John Job relinquished his responsibilities for the Southern African businesses.[14]
As of 1 July 2014, Steve Binnie became Sappi's CEO.[15] His predecessor, Ralph Boettger, resigned for health reasons having been CEO from 2007.[16]
In July 2019, Michael G. Haws was appointed as president and CEO of SappiNorth America, succeeding Mark Gardner who retired at the end of September 2019.[17]
In 1990, Sappi purchased the paper mills of UKDickinson Robinson Group – Nash Mills, Keynsham Paper Mill and Fife Paper Mills from theasset-stripperRoland Franklin (Pembridge Investments). These mills were subsequently closed by Sappi as were all other acquisitions (Kymmene Oy, Blackburn Mill and Wolvercote Mill) they had made in the UK.[18]
On 29 September 2008, Sappi purchased two paper mills inFinland, one inSwitzerland and one inGermany from theM-real company.[19][20] In theUnited States, Sappi closed itsMuskegon, Michigan plant in 2009, which was founded in 1899 by the Central Paper Company.[21] In 2011 Sappi announced closure of their Swiss production site.[22] The company's existing kraft pulp plant inCloquet, Minnesota was replaced by a new mill which began producingdissolving pulp in June 2013.[23]
In 1996, Sappi along other 10 main producers of carbonless paper was investigated by theEuropean Commission for illegalprice fixing in various countries in theEU. Although found guilty of earning millions by fixing the price of printing paper, Sappi was granted full immunity from the fine due to its cooperation with the EC'scartel investigating unit. Other companies implicated were fined a total of $145 million.[24]
Media related toSAPPI at Wikimedia Commons
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