Prøve GULL - Gratis
Sappi shares surge 9% as nearly R20bn joint venture with Finland's UPM announced
The Mercury
|December 05, 2025
SAPPI'S shares traded 9.27% higher at R23.71 Thursday afternoon after plans with UPM were announced to combine their European graphic paper operations into a standalone R19.94bn (€1.42bn) joint venture (JV) company.
The share price jump comes despite being well below the R51.76 it traded at a year ago, which reflects the challenges being faced by the global paper and packaging sector: rising costs, shifting consumer demand, stricter sustainability regulations and supply chain disruptions. Demand for graphic paper has been in structural decline for decades.
"The proposed JV represents a decisive response to structural changes in the European graphic paper industry, offering a path to strengthen its resilience and provide long-term commitment and supply security to customers," Sappi's CEO Steve Binnie and UPM President and CEO Massimo Reynaudo said in a joint statement.
Denne historien er fra December 05, 2025-utgaven av The Mercury.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Mercury
The Mercury
Proteas Women’s Van Niekerk promises exciting finish ahead of third ODI
Women’s all-rounder Dane van Niekerk has promised an exciting contest in the third and final ODI in Johannesburg later this week, following the team’s 74-run victory in Gqeberha yesterday.
2 mins
December 17, 2025
The Mercury
Antisemitism reaching alarming levels
IN another bizarre, barbaric mass shooting in Australia at the world renowned Bondi beach, innocent Jews celebrating Hannukah paid with their lives when radical gunmen opened fire on them, killing several people and injuring many more.
1 min
December 17, 2025
The Mercury
Family appeals for calm after DJ Warras shot dead
FAMILY members used bottles of water to wash the pavement where Warrick Stock, also known as DJ Warras, was shot dead in Johannesburg's CBD yesterday afternoon, quietly trying to restore a measure of dignity at a scene that had held them for hours.
2 mins
December 17, 2025
The Mercury
Failing Zimbabwean government is the cause of migration
IT is pathetic that deep economic and political instability in Zimbabwe has forced its people to migrate in record numbers for many decades.
1 min
December 17, 2025
The Mercury
IPL-bound Nortje happy to fight for his place in the Proteas team under Conrad
AS much as the Proteas wanted to keep the focus on Wednesday’s all-important fourth T201 in Lucknow (start 3.30pm) to stay alive in the five-match series, their attention kept being pulled towards the IPL auction.
2 mins
December 17, 2025
The Mercury
Judge fails in bid to quash theft case
Alleged misappropriation of client's RAF payout
2 mins
December 17, 2025
The Mercury
Ramaphosa addresses Trump's misinformation on farm murders
PRESIDENT Cyril Ramaphosa again addressed the perpetuation of misinformation on farm murders by US President Donald Trump when he delivered his Day of Reconciliation address.
2 mins
December 17, 2025
The Mercury
Pavilion Shopping Centre offers free holiday experience
PAVILION Shopping Centre or simply The Pav as it’s called by its beloved community, is gifting KwaZulu-Natal families an unforgettable festive season ~ with a full programme of completely free entertainment, activities and holiday magic from December 6 until Christmas Eve.
1 min
December 17, 2025
The Mercury
Choosing resilience: The journey from brokenness to strength
THERE is brokenness that leads to re-building, improved character, renewed strength, refreshed creativity. I believe this capacity lives within us all.
1 min
December 17, 2025
The Mercury
Tributes for Graham Linscott, 'The Idler' columnist
READERS of The Mercury pay tribute to Idler columnist Graham Linscott who died last Thursday.
2 mins
December 17, 2025
Listen
Translate
Change font size