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Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

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Wed, Feb 8 2017

South Africa's Sappi to invest $305 mln in North America and Europe

JOHANNESBURG, Feb 8 South African pulp and paper maker Sappi will invest $305 million in North America and Europe to increase its packaging capacity, the firm said on Wednesday after releasing its first-quarter results.

BRIEF-Sappi Ltd says Q1 profit rises to $90 million

* Q1 ebitda excluding special items us$201 million (q1 2016 us$175 million)

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