Glatfelter Announces Price Increase for US Market

Sappi has signed an agreement with the Department of Energy to build a renewable energy plant at its mill in Mpumalanga. Sappi and consortium partners KC Africa and African Rainbow Energy and Power would spend a combined R1.8bn on a 25MW biomass energy unit at the company’s Ngodwana mill, said Sappi Southern Africa CEO Alex Thiel. Sappi will have a 30% stake in the facility, which is expected to contribute to the national grid from July 2020. Click Read More below for additional information.

Financial summary for the quarter *EBITDA excluding special items US$167 million (Q2 FY22 US$337 million) *Net debt of US$1,225 million (Q2 FY22 US$1,793 million) *Profit for the period US$69 million (Q2 FY22 US$188 million) *EPS excluding special items 11 US Cents (Q2 FY22 35 US Cents)

Now Astrolite PC 100 Velvet is available in a 9 pt. caliper for postal-compliant oversized postcards. The only premium coated 100% recycled sheet made in America, Astrolite PC 100 Velvet is coated on two sides and crafted with only post-consumer waste recycled fiber. Like all Monadnock paper and packaging materials, it is made with responsibly sourced FSC-certified fiber, manufactured carbon neutral (VERs), and made with 100 percent renewable Green-e certified wind powered electricity (RECs) under a third-party certified ISO 14001 Environmental Management System. “Eco-conscious marketers are seizing opportunities to grow brand presence and drive sales by re-embracing direct-mail tactics in their omnichannel campaigns. They are finding fresh new ways to reach screen-fatigued consumers and prospects,” said Julie Brannen, Director, Sustainability Solutions, Monadnock. “Our Astrolite PC 100 Velvet 9 pt. meets their needs for sustainable, high-quality graphic reproduction in oversized USPS direct mail marketing communications.”