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Sappi Ltd. (SPPJY)

Stock Price: $2.61 USD 0.00 (0.00%)
Updated Jun 22, 2021 9:30 AM EDT - Market open
Sappi Ltd.
Country South Africa
Founded 1936
IPO Date Nov 6, 1998
Industry Paper & Paper Products
Sector Basic Materials
Employees 12,800
CEO Stephen Binnie

Contact Details

Address:108 Oxford Road
Johannesburg, Gauteng 2198
South Africa
Phone 27 11 407 8111
Websitesappi.com

Stock Information

Ticker Symbol SPPJY
Exchange OTCMKTS
Reporting Currency US Dollars
CIK Code 0001072483
CUSIP Number 803069202
ISIN Number US8030692029

Company Description

Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, packaging and specialty papers, and printing and writing papers to direct and indirect customers in North America, Europe, Southern Africa, and internationally.

The company offers dissolving wood pulp products that are used by converters to create viscose fiber for clothing and textiles, acetate tow, and pharmaceutical products, as well as a range of consumer and household products.

It also provides packaging and specialty papers, which are used in the manufacture of soup sachets, luxury carry bags, cosmetic and confectionery packaging, boxes for agricultural products for export, and tissue wadding for household tissue products, as well as casting and release papers for the fashion, textiles, automobile, and household industries.

In addition, the company offers printing, writing, and coated and uncoated graphic paper products that are used by printers in the production of books, brochures, magazines, catalogues, direct mail, newspapers, and various other print applications.

Further, it develops and processes biomaterials and biochemicals; offers sawn timber; and produces and sells green electricity through a network of five hydro, two gas, and 31 steam turbines that generate approximately 800MW renewable power on 14 sites across seven countries, as well as produces biogas.

The company was formerly known as South African Pulp and Paper Industries Limited and changed its name to Sappi Limited in 1973. Sappi Limited was founded in 1936 and is headquartered in Johannesburg, South Africa.

Key Executives

NamePosition
Stephen Robert Binnie B.Com., C.A., M.B.A., B.Com, B Acc, CA(SA), MBAChief Executive Officer and Executive Director
Glen Thomas Pearce B.Com., C.A., BCom Hons, CA (SA)Chief Financial Officer and Executive Director
Gary Roy BowlesGroup Head Technology
Maarten van HovenGroup Head of Strategy and Legal
Fergus Conan Salvador MarupenGroup Head of Human Resources
Mohamed MansoorExecutive Vice President of Sappi Dissolving Pulp
Alexander van Coller ThielChief Executive Officer of Sappi Southern Africa
Michael George HawsPresident and Chief Executive Officer of Sappi North America
Marjorie BolesGroup Chief Information Officer
Graeme Wild BSc (Forestry), MBAGroup Head of Investor Relations and Sustainability