Sappi expects US profitability

News by

28 February 2002

Sappi expects to bring its North American business back into profitability in the second half of the year, the groups AGM has heard.

Retail spending in the US is increasing and the economy should start to recover soon, said chairman Eugene van As.

The South African papermaker expects its shipments to increase in the short term to match consumption, which would increase once the world economy improves.

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