Sappi Limited announced the approval of a range of projects in Europe and the United States including the approval of a $165 million capital project to expand Sappi North America's manufacturing capabilities and flexibility to include a variety of consumer packaging products.
Sappi announces $165 million paper machine rebuild at its Somerset mill in Skowhegan, Maine
Sappi Limited announced the approval of a range of projects in Europe and the United States including the approval of a $165 million capital project to expand Sappi North America's manufacturing capabilities and flexibility to include a variety of consumer packaging products. This investment on paper machine No. 1 at its Somerset mill in Skowhegan, Maine establishes a strong platform for growth in paper-based packaging while maintaining Sappi's leadership position in the graphic paper market, increasing annual production capacity at this mill to almost one million tons per annum."This move complements our long term 2020Vision strategy, which seeks opportunities to substantially increase our group EBITDA," said Steve Binnie, CEO of Sappi Limited. "By investing in our business to pursue growing areas of demand, we can remain profitable and competitive in the global marketplace."The planned project at the Somerset mill in Maine is slated to come online early in 2018.Sappi North America, headquartered in Boston, is a market leader in converting wood fiber into superior products that customers demand worldwide.
