Sappi Limited (SPP)

Sappi Limited operates in the pulp and paper industry worldwide. It produces and sells coated woodfree paper used for brochures, catalogues, corporate communications materials, direct mail promotions, educational textbooks, luxury advertising, magazine covers, and upscale magazines; and uncoated woodfree paper for business forms, business stationery, general printing paper, tissue, and photocopy paper; and specialty woodfree paper used in bags, labels, packaging, and release paper for casting textured finishes, as well as packaging paper products used for primary and secondary packaging of fast moving consumer goods, agricultural, and industrial products. The company also provides mechanical papers, such as newsprint, which is manufactured from groundwood and bleached chemical pulp, used for advertising inserts and newspapers; uncoated mechanical paper, an uncoated groundwood fiber based paper, primarily used for magazines, catalogues and advertising material; and coated mechanical/magazine paper, a coated groundwood fiber based paper, primarily used for magazines, catalogues and advertising material. In addition, it produces chemical cellulose, as well as a range of paper pulp grades, including mechanical pulp used in newsprint unbleached kraft pulp, bleached kraft pulp, and bleached sulphite pulp. Further, Sappi Limited offers sawn timber for the building industry and components for the furniture and packaging industry. Its customers include merchants, converters, printers, publishers, and other direct customers. 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.

For the fiscal year ended 30 September 2006, Sappi Limited's revenues decreased 2% to $4.94B. Net loss decreased 66% to $116M. Revenues reflect decreased sales from Fine Paper Forest products of the group. Lower loss reflects increased gross profits due to lower cost of sales, lower other expenses, increased gain on foreign exchange and higher interest capitalised. The Group manufactures & sells pulp, paper & wood products.