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SAP
SAVVI
SAP - Sappi Limited - Sappi Fine Paper Europe announces final closure of
Biberist Mill in Switzerland
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284); NYSE code SPP
("Sappi" or the "Company")
Press Release
20 July 2011
Sappi Fine Paper Europe announces final closure of Biberist Mill in Switzerland
After an exhaustive search for possible purchasers for its Biberist mill in
Switzerland, Sappi Fine Paper Europe has today announced that it has been
unsuccessful in its attempts to find a suitable acquirer to allow continued
operations and employment at the mill.
The company has therefore decided on the complete closure of the mill.
Production at paper machines 8 and 9 has already ceased and production on the
uncoated paper line will halt at the end of August. Redundancy notices to all
remaining employees affected by the closure are being sent out today.
"The process to find a suitable purchaser included numerous discussions with
interested parties and involved close cooperation between local mill management
and Sappi`s European and global management teams to make the purchase as
attractive as possible," said Sappi Fine Paper Europe CEO, Berry Wiersum.
"Unfortunately several industry players quickly withdrew their interest and we
were unable to come to an agreement with any other interested parties."
Sappi has agreed a social plan with the employees and the labour unions.
Meanwhile Sappi continues its search for a new owner for the site.
Approximately 550 employees in total will be affected by the closure, of which
134 have been given notice earlier.
The volumes produced at the mill will be transferred to other Sappi sites in
Europe. There will be no supply interruption to customers during the mill
closure and transfer of production.
With the cessation of coated graphic paper production at Biberist mill, Sappi
will reduce its graphic paper capacity by 500 000 tons per annum.
END
Issued by:
Brunswick South Africa on behalf of Sappi Limited
Tel + 27 11 502 7300
Fax + 27 11 268 5747
For further information contact:
Mat J.H. Quaedvlieg Nicolas Muhlemann
Director Manufacturing Mill Director
Sappi Fine Paper Europe Sappi Fine Paper Europe - Biberist mill
Tel +32 (0)2 67 69 703 Tel.: +41 (0)32 671 31 80
Mobile +32 (0)495 588 703 E-mail: Nicolas.Muehlemann@sappi.com
Mat.Quaedvlieg@sappi.com
Claudia Hammerich Andre F Oberholzer
Manager Corporate Communications Group Head Corporate Affairs
Sappi Fine Paper Europe Sappi Limited
Tel: +32 2 676 97 84 Tel: +27 11 407 8044
Mobile: +32 472 61 89 66 Mobile: +27 83 235 2973
Claudia.Hammerich@sappi.com Andre.Oberholzer@sappi.com
Date: 20/07/2011 12:45:01 Produced by the JSE SENS Department.
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