Sappi
Template:Short description Template:For Template:Distinguish Template:Use dmy dates Template:Use South African English Template:Infobox company Sappi Limited, originally incorporated as South African Pulp and Paper Industries Limited in 1936, is a South African pulp and paper company with global operations.<ref name="sappi2">Template:Cite web</ref><ref>Template:Cite book</ref>
Products and operation
South African Pulp and Paper Industries Limited was founded in 1936.<ref>Template:Cite news</ref> The company is now known as Sappi and is headquartered in Johannesburg,<ref name="sappi1">Template:Cite web</ref><ref>Template:Cite web</ref> It produces and sells commodity paper products, pulp, dissolving pulp, and forest and timber products for Southern Africa and export markets.<ref>Hermann Simon mentioned this company in his correspondent Book as an example of a "Hidden Champion" (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- Template:ISBN.)</ref> In 2013, it was the world's largest producer of dissolving pulp.<ref>Template:Cite news</ref>
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.<ref>Template:Cite press release</ref>
As of 1 July 2014, Steve Binnie became Sappi's CEO.<ref>Template:Cite news</ref> His predecessor, Ralph Boettger, resigned for health reasons having been CEO from 2007.<ref>Template:Cite news</ref>
In July 2019, Michael G. Haws was appointed as president and CEO of Sappi North America, succeeding Mark Gardner who retired at the end of September 2019.<ref>Template:Cite web</ref>
Global acquisitions and closures
In 1990, Sappi purchased the paper mills of UK Dickinson Robinson Group – Nash Mills, Keynsham Paper Mill and Fife Paper Mills from the asset-stripper Roland 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.<ref>Template:Cite news</ref>
On 29 September 2008, Sappi purchased two paper mills in Finland, one in Switzerland and one in Germany from the M-real company.<ref>Template:Cite web</ref><ref>Template:Cite web</ref> In the United States, Sappi closed its Muskegon, Michigan plant in 2009, which was founded in 1899 by the Central Paper Company.<ref>Template:Cite news</ref> In 2011 Sappi announced closure of their Swiss production site.<ref>Template:Cite news</ref> The company's existing kraft pulp plant in Cloquet, Minnesota was replaced by a new mill which began producing dissolving pulp in June 2013.<ref>Template:Cite news</ref>
Price fixing controversy
In 1996, Sappi along other 10 main producers of carbonless paper was investigated by the European Commission for illegal price fixing in various countries in the EU. 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's cartel investigating unit. Other companies implicated were fined a total of $145 million.<ref>Template:Cite web</ref>
See also
- S. D. Warren Paper Mill: A Sappi facility in Westbrook, Maine, United States
References
External links
- Manufacturing companies based in Johannesburg
- Manufacturing companies of South Africa
- Manufacturing companies established in 1936
- Companies listed on the Johannesburg Stock Exchange
- Companies based in Johannesburg
- Economy of Johannesburg
- Companies formerly listed on the New York Stock Exchange
- Pulp and paper companies of South Africa
- Pulp and paper companies
- South African brands
- Multinational companies
- Publicly traded companies
- 1936 establishments
- 1936 establishments in South Africa
- Renewable resource companies established in 1936
- Companies established in 1936
- Companies of South Africa