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South Africa

Issue date: 
4th August 2011

Sappi says cogeneration a strong feature of cost reduction plan

South African paper manufacturer Sappi is “aggressively” pursuing restructuring and cost reduction plans, with cogeneration featuring strongly, CEO Ralph Boëttger said on Thursday.

Issue date: 
28th July 2011

Mondi to settle KZN land claims over the next two years, posts higher earnings

Paper and packaging group Mondi aims to settle all its land restitution claims in KwaZulu-Natal over the next two years, with 33 claims still outstanding, CEO David Hathorn said on Thursday.

Issue date: 
Jul 20, 2011

Sappi Fine Paper Europe Announces Final Closure of Biberist Mill in Switzerland

JOHANNESBURG, South Africa, Jul 20, 2011 - After an exhaustive search for possible purchasers for its Biberist mill in Switzerland, Sappi Fine Paper Europe has today announced that it has been unsuccessful in its attempts to find a suitable acquirer to allow continued operations and employment at the mill.

Issue date: 
11th July 2011

Mondi’s unbundled packaging unit makes JSE debut

The listing of Mpact, previously called Mondi Packaging South Africa (MPSA), on the JSE would enable the packaging company to take further advantage of growth opportunities, CEO Bruce Strong said on Monday.

Issue date: 
Jun 29 2011

Eastern Cape: New body protects our local forests

An enviromental organisation has been established in Port St Johns to assist communities in sustainable forest management.

Issue date: 
31st May 2011

Mondi’s unbundled packaging unit Mpact to list in July

Issue date: 
May 23, 2011

SAPPI Plans to Invest in Eastern Cape Community Forestry

JOHANNESBURG, SOUTH AFRICA, May 23, 2011- Sappi Southern Africa today announced that it had initiated a consultation process with staff and relevant Union representatives to cease operations at Adamas Mill in Port Elizabeth in response to difficult market conditions and sustained input costs increases.

Issue date: 
May 19, 2011

Sappi's Ngodwana Mill Near Nelspruit, South Africa, to add 210,000 tons of Chemical Cellulose Production During Expansion and Modernisation Project

Issue date: 
Apr 15, 2011

MONDI Signs New €750 Million Revolving Credit Facility

South Africa, Apr 15, 2011 - Mondi is pleased to announce the signing of a new €750 million, 5-year revolving multicurrency credit facility to refinance its existing €1.55 billion credit facility that was due to mature in June 2012. This completes the refinancing of its €1.55 billion facility that was partially refinanced via Mondi’s inaugural €500 million 7 year Eurobond in March 2010.

Issue date: 
April 7, 2011

Mondi : Proposed Demerger of MPSA

South Africa, April 7, 2011 - Mondi Group today announced its intention to separate its interest in Mondi Packaging South Africa (MPSA) via a demerger whereby all the ordinary shares in MPSA held by Mondi Limited will be distributed to the Mondi Limited ordinary shareholders. MPSA would be listed under a new name on the securities exchange operated by the JSE Limited (JSE).

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by Dr. Radut