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Encyclopedia > Sappi
Financial Information
  2002 2001
Net Sales (US$M) 3,729 4,184
Net Earnings (US$M) 220 138
Note: Financial year end is in September

Sappi Limited NYSE: SPP is a South African pulp and paper company based in Johannesburg, South Africa. The company is divided into two business units: Sappi Fine Paper and Sappi Forest Products. It has approximately 17,572 employees. The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... An International Paper mill in South Carolina The global pulp and paper industry is dominated by North American (United States, Canada), northern European (Sweden, Finland) and East Asian countries (such as Japan). ... Johannesburgs skyline as seen from the observation deck of the Carlton Centre. ...


Sappi got its start in December 1936 as South African Pulp and Paper Industries Limited. Its first pulp and paper mill was built near Springs, South Africa. In 1973 the company was renamed Sappi Limited. In 1980 Sappi created a new division, Sappi Timber Products, to specialize in sawmilling. In 1992 the company acquired German paper producer Hannover Papier making Sappi one of the largest European producers of coated woodfree paper. In 2002 Sappi purchased Potlatch Corporation's coated fine paper business and its pulp and paper mill in Cloquet, Minnesota and its coating mill in Brainerd, Minnesota. The Brainerd mill was subsequently sold to Wausau Papers. Today Sappi owns paper mills in Westbrook and Skowhegan Maine, and Muskegon, Michigan. Also a technology/R&D center in Westbrook, Maine. Potlatch Corporation (NYSE: PCH) is an American diversified forest products company based in Spokane, Washington. ... Cloquet is a city located in Carlton County, Minnesota. ... Brainerd is a city located in Crow Wing County, Minnesota. ...


Sappi is the biggest employer in the South African town of Mandeni Mandeni is a small town in KwaZulu-Natal in South Africa. ...


External links

  • Company web site
  • Yahoo.com company profile

  Results from FactBites:
 
Sappi - Wikipedia, the free encyclopedia (207 words)
Sappi Limited NYSE: SPP is a South African pulp and paper company based in Johannesburg, South Africa.
Sappi got its start in December 1936 as South African Pulp and Paper Industries Limited.
In 2002 Sappi purchased Potlatch Corporation's coated fine paper business and its pulp and paper mill in Cloquet, Minnesota and its coating mill in Brainerd, Minnesota.
CNN.com - Sappi posts poor Q1 profits - January 28, 2002 Posted: 1500 GMT (627 words)
Sappi is trading one and a half times higher than its January 2001 levels, helped mainly by a sharp fall in the rand, as the group earns a large chunk offshore.
Sappi said it was "cautiously optimistic" on earnings for the rest of the year.
Sappi said industry shipments of coated wood-free paper for the first quarter were 13 percent lower than a year earlier in the United States, and one percent lower in Europe.
  More results at FactBites »

 
 

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