DWP and Packaging Volume Growth
Despite challenging market conditions, Sappi experienced year-on-year growth in dissolving wood pulp (DWP) and packaging volumes, and gained market share in the graphic paper space.
Completion of Somerset PM2 Conversion
Sappi successfully completed the conversion and expansion of the Somerset PM2 machine, which is now performing well and is an important step in their strategic plan.
Cost Reduction Initiatives in Europe
Sappi has launched a $60 million cost reduction initiative in Europe, including closing two machines and optimizing production, with much of the cost savings expected to begin in fiscal quarter 2 of 2026.
Strong Performance in South Africa
South Africa had a strong quarter, particularly in the citrus market for containerboard, despite lower global containerboard prices affecting domestic selling prices.
Positive Employee Recognition
Sappi was ranked 144th in the world for top companies for women, and 289th globally as a best employer by Forbes, with specific recognition in South Africa.