Sappi Company Research Report

Company Overview

• Name: Sappi Limited

• Mission: Sappi is committed to sustainable processes and products, leveraging woodfibre-based renewable resources to create everyday materials, contributing to a circular economy and moving the world forward with innovative solutions.

• Founded: The company's history dates back to 1936. Its North American roots trace back to the S D Warren Company in 1854.

• Key People: Steve Binnie (CEO), Tracy Wessels (Group Head of Investor Relations and Sustainability), Mike Haws (President and CEO of Sappi North America).

• Headquarters: Johannesburg, South Africa.

• Number of Employees: Over 12,000 employees globally.

• Revenue: No information is available.

• Known For: Sappi is known for its high-quality packaging, specialty and graphic papers, dissolving pulp, and commitment to sustainability. It is also renowned for its leadership in dissolving pulp markets and sustainable biomaterials.

Products

Dissolving Pulp (Verve Brand)

• Description: High-purity cellulose that serves as a sustainable alternative for textiles, pharmaceuticals, and food applications.

• Key Features: Sustainable sourcing, versatility across various industrial applications, and significant market share in textiles and hygiene products.

Graphic Papers

• Description: Coated and uncoated papers offering premium visual and tactile qualities for printing.

• Key Features: High performance for brand differentiation, available in several types like McCoy®, Spectro®, Opus®, Somerset®, and more.

Packaging and Specialty Papers

• Description: Customized sustainable solutions for a range of packaging needs.

• Key Features: Includes flexible packaging, label papers, functional packaging, containerboard, and specialty paper solutions for various industries.

Casting and Release Papers

• Description: Papers that impart textures to synthetic leathers, coated materials, and laminates.

• Key Features: World-leading supplier with a range of unique textures offering superior fidelity and robustness applicable across multiple industries.

Biomaterials

• Description: Derive process for extracting high-performance chemicals and food ingredients from non-papermaking parts of wood.

• Key Features: Products such as Valida (nanocellulose), Lignin polymers, and Furfural. Emphasis on sustainability and biodegradable alternatives.

Market Pulp

• Description: High-quality bleached chemi-thermomechanical pulp from the Matane Mill in Quebec.

• Key Features: High yield, excellent brightness and drainage, and used in tissue production and various paper grades.

Recent Developments

• New Products Launched: Sappi has made significant strides with its Verve brand of dissolving pulp.

• New Partnerships: Collaborative efforts with EcoVadis to benchmark and enhance supplier sustainability. Sappi North America partnered with Biophilica to launch Treekind®, a plastic-free leather alternative.

• Strategic Changes: Sappi North America announced leadership changes, appointing new roles to focus on innovation, operational efficiency, and market growth.

• Sustainability Initiatives: Continues achieving Platinum level in EcoVadis’ sustainability assessment, emphasizing sustainability. Notably, the award-winning water savings project at Cloquet Mill saved over 2 million gallons of water.

Achievements

• Awards: Achieved the EcoVadis Platinum sustainability rating for the highest sustainability standards across all manufacturing regions.

• Safety: Second-best combined lost-time injury frequency rate achieved, with significant milestones for safety records in North America.

• Innovation: Won the PRINT Awards for the 2023 Holiday Kit, highlighting the blend of sustainability and design excellence.

Sappi continues to lead in sustainable business practices, providing innovative solutions and products that align with global sustainability goals. The company’s focus on eco-effective operations, transformative leadership, and diverse product offerings positions it strongly within the global market.