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27 March 2017 22:23 (South Africa)

Sappi profits to rise in fourth quarter

Sappi is anticipating profit and cash generation in the fourth quarter, after price increases for glossy paper in North America and Europe. Paper producers were forced to close some mills after demand nose-dived on the back of the global economic downturn, but Sappi CEO Ralph Boettger said that the company was finally turning a profit. Read more: Bloomberg

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