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Due to continuing cost increases of pulp and other raw materials, Sappi announced that it is forced to increase its Dye Sublimation and Large Format Inkjet paper prices as from 1 May 2018. This measure is necessary to mitigate continuing margin erosion and keeping the business sustainable.
The increase will be 5 to 8% for all Dye Sublimation grades and 6 to 9% for the Large Format Inkjet papers. The price rise will apply to all European and Overseas markets.
Practical implementation will be discussed by Sappi’s sales team with individual customers over the next few weeks.
Apart from this, Sappi will soon expand its green footprint by becoming one of the only companies in SA to embark on a biomass energy project. According to the company, Sappi Ngodwana’s energy biomass project will play a significant role in South Africa’s renewable energy initiatives.
“Sappi is proud to contribute to the increased availability of renewable energy in South Africa,” said Sappi Southern Africa CEO, Alex Thiel. “Sappi will continue to focus on extracting maximum value from the renewable and sustainable wood fibre that we grow. This project builds on our continued investments at Ngodwana Mill.”
The project follows the signing of the contract recently that officially made Ngodwana Energy part of the Department of Energy’s renewable energy independent power producer procurement programme.