Sappi Ltd., the world biggest
maker of glossy paper, said that cheap products from China and Korea are
hurting its cash flow and earnings.
Investment in South African production and
jobs are under threat if the situation continues, Alex Thiel, the company’s
Southern Africa chief executive officer, said in an e-mailed response to
questions. There is a “clear trend over a number of years of uncompetitive
behavior from these countries."
