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    SAP   ZAE000006284

SAPPI LIMITED

(SAP)
  Report
End-of-day quote Johannesburg Stock Exchange  -  2022-11-29
49.05 ZAR   -0.95%
11/10Sappi Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2022
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11/10Sappi Limited Reports Earnings Results for the Full Year Ended September 30, 2022
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11/10Transcript : Sappi Limited, Q4 2022 Earnings Call, Nov 10, 2022
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Sappi Casting and Release Announces New Laminate Surface With Superior Aesthetics, Texture and Performance: Arrio™

04/26/2022 | 11:22am EST

Innovative process offers consistency, sustainability, functionality and lower costs

BOSTON - (April 26, 2022) - Sappi, a leading producer and supplier of diversified paper, packaging products and dissolving pulp, today launched Arrio, a decorative laminate surface solution that delivers remarkable aesthetics, premium haptics and scratch and fingerprint resistance for high-wear surfaces. By designing Arrio to serve the unmet needs of customers, Sappi will now become the only company that provides high-fidelity, 100% replicated textured finished surfaces available in flat, then expanding to include a 3D texture library over time.

With its durable acrylic surface, Arrio provides extraordinarily detailed, realistic finished surfaces that will eventually support multiple textures and décor colors, gloss effects, varying depths and visible contrast. Sappi's high-precision manufacturing process generates the exact same surface finish over time without variation or loss of definition. Arrio, which offers a superior surface to conventional melamine in aesthetics and performance, is a perfect solution for decorative and functional surfaces on furniture, work surfaces, kitchen cabinetry and more.

"We are excited to introduce Arrio, which is not a mold that imparts texture, but is the actual finished surface," said Mark Hittie, Director of Release Strategy, Sappi Casting and Release. "Arrio comes from Sappi's spirit and core competence: we make texture, we drive texture. It's another example of Sappi delivering a high-quality and innovative product that outperforms traditional options, reduces cost and opens up a range of possibilities for consumers. We're also proud that Sappi created Arrio with sustainability in mind. The durable acrylic surface extends product lifetime and does not require application or removal of protective film layers, thus reducing manufacturing costs and waste."

Unlike surfaces produced with an excimer process, Arrio will offer a uniquely customizable surface texture, including various flat finishes and textures with multiple gloss levels, such as wood or stone designs. The manufacturing process provides 100% consistency, order to order, in texture, gloss, touch and function. Arrio provides a superior solution over existing concepts because of its endless potential for customization. It also provides superior haptics, including super matte, smooth touch and high-color intensity surfaces, and it is suitable for single radius wrapping applications.

Arrio also offers significantly lower investment costs for glued and pressed finished surfaces due to manufacturers' savings and efficiencies in the handling, shipping and layup processes. Offered initially in a supermatte, fingerprint resistant, soft touch texture called Matte Haven on black décor, the Arrio platform will continue to develop with the future addition of texture and décor color options.

Sappi is also pleased to announce a new strategic partnership with Toppan Interamerica as the exclusive distributor of Arrio in the USA and Canada. Headquartered in McDonough, GA and well-established in the North American market, Toppan has over 30 years of experience delivering materials and services in the decorative laminate industry. "We feel this exclusive arrangement will enhance Sappi's capability to deliver Arrio and assure its seamless delivery, support and market availability." Patrick Page, Director of Sales, Toppan. This new partnership with Toppan will provide Sappi access to a wider customer base for ready-to-assemble furniture and kitchen cabinetry and is a major step forward in building early awareness of Arrio in the North American marketplace.

Sappi's forward-looking products and textures continue to leverage state-of-the-art technology from its Westbrook Mill in Maine. Sappi has been at the forefront of technological innovation and evolution in the release paper industry with nearly 80 years of experience creating textures.

To request a launch kit for Arrio, please contact your Sappi or Toppan sales representative. To learn more about Arrio and Sappi's casting and release papers, please visit: www.sappi.com/sappi-casting-release-papers.

About Sappi North America, Inc.
Sappi North America, Inc., headquartered in Boston, is a market leader in converting wood fiber into superior products that customers demand worldwide. The success of our diversified businesses - high-quality Coated Graphic Papers, Dissolving Pulp, and Packaging and Specialty Papers - is driven by strong customer relationships, best-in-class people and advantaged assets, products and services. Our high-quality Graphic Papers are the key platform for premium magazines, catalogs, books, direct mail and high-end print advertising. We are a leading manufacturer of Dissolving Pulp with our brand of a sustainable fiber that is used in a wide range of products, including textile fibers and household goods. We deliver sustainable Packaging and Specialty Papers for luxury packaging and folding carton applications with our single-ply packaging brands and for the food and label industries with our specialty paper. We are also one of the world's leading suppliers of Casting and Release Papers with our lines for the automotive, fashion and engineered films industries. Sappi North America is a subsidiary of Sappi Limited (JSE), a global company headquartered in Johannesburg, South Africa, with more than 12,000 employees and manufacturing operations on three continents in seven countries and customers in over 150 countries.

Disclaimer

Sappi Limited published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 15:21:04 UTC.


ę Publicnow 2022
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Financials (USD)
Sales 2022 7 308 M - -
Net income 2022 737 M - -
Net Debt 2022 1 486 M - -
P/E ratio 2022 2,36x
Yield 2022 0,43%
Capitalization 1 649 M 1 649 M -
EV / Sales 2022 0,43x
EV / Sales 2023 0,36x
Nbr of Employees 12 800
Free-Float 98,9%
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 2,89 $
Average target price 3,40 $
Spread / Average Target 17,5%
EPS Revisions
Managers and Directors
Stephen Robert Binnie Chief Executive Officer & Executive Director
Glen Thomas Pearce Finance Manager
Anthony Nigel Russell Rudd Independent Chairman
Gary Roy Bowles Group Head-Technology
Marjorie Boles Group Chief Information Officer
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