As
a result of the continued market decline and consequent overcapacity in the
European coated paper markets, combined with high raw material costs not
compensated for by higher selling prices, Sappi has generated a loss in its
European activities.
To return its European operations to profitability, Sappi has undertaken a review of its European production assets and has identified the need to concentrate its production at fewer sites. Exhaustive analysis has indicated that the preferred option would be to relocate the entire production of Nijmegen Mill to other Sappi mills in Europe. The aim of this action would be to optimise Sappi's entire Heat Set Web Offset (HSWO) business.
To return its European operations to profitability, Sappi has undertaken a review of its European production assets and has identified the need to concentrate its production at fewer sites. Exhaustive analysis has indicated that the preferred option would be to relocate the entire production of Nijmegen Mill to other Sappi mills in Europe. The aim of this action would be to optimise Sappi's entire Heat Set Web Offset (HSWO) business.
