This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sappi Fine Paper North America Continues Strong Record Of Capital Investments In The Coated Paper Business

Stocks in this article: SPP

BOSTON, April 25, 2013 /PRNewswire/ -- Sappi Fine Paper North America today announced the most recent completion of a series of coated paper capital investment projects during its 2013 fiscal year, a significant move by the company to maintain and strengthen its leadership position and take advantage of growth opportunities in the coated paper market. While ongoing investment to keep paper production globally competitive has generally reduced in the marketplace, Sappi's commitment to excellence in high quality coated paper manufacturing continues to remain a top priority. These strategic investments allow Sappi to more efficiently manufacture its full grade and basis weight range of product with unmatched quality and flexibility into the future.


Cloquet Mill InvestmentsThe Cloquet Mill in Cloquet, Minnesota, has completed a $19M investment in its coated papermaking operations which includes a dry fiber handling system as well as new refiners and former upgrade on PM4. The former rebuild implemented on PM4 allows for all grades and weights to be manufactured with the technical capability of using dry fiber to produce the same base sheet formation and quality as slush fiber. Extensive trials have been conducted by Sappi for both sheet and web products to guarantee the quality and repeatability of product made with dry fiber meets the high standards that customers have come to expect from Sappi paper.

These coated paper investments are a part of the $170M capital investment project currently in progress at the Cloquet Mill that will convert the kraft pulp mill to production of dissolving pulp used in the textile and consumer goods markets, improving site profitability at Cloquet and ensuring global cost competitiveness.

All paper produced at Cloquet carry both a Forest Stewardship Council (FSC ®) and Sustainable Forestry Initiative (SFI ®) chain of custody certification. The Cloquet Mill also continues to have one of the lowest carbon footprints in the industry with over 85% renewable energy.

"We remain deeply committed to the coated paper market as well as to surpassing the expectations of our customers," said Rick Dwyer, Managing Director, Cloquet, Sappi Fine Paper North America. "Our investments in the production of high-end paper will allow Sappi to serve this market into the foreseeable future and enable more agility and efficiency within our papermaking process. We are making this strong commitment on the paper side of the business to ensure that quality paper continues to prove its value in publishing and advertising, especially when used strategically with digital counterparts."

Somerset Mill InvestmentsAt Sappi's Somerset Mill, in Skowhegan, Maine the rebuild of PM3 was completed successfully in October 2012. The $13M investment to upgrade coated paper manufacturing surpassed speed, production, and variable cost goals while achieving all of the formation and quality improvements outlined in the project plan. The implemented improvements on PM3 now allow for the production of a broader range of products on this machine. Sappi expects to see long- term benefits as a result of this project in the form of chemical and fiber savings as well as increased paper production.

Enhancements to Product LabelsAs illustrated by Sappi's recent North American infrastructure investments, the company takes great pride in producing products in the United States and is pleased to announce the re-design of product labels to more clearly emphasize Sappi's support for local production by using the "Made in the USA" logo. Based on expressed interest from a wide variety of customers, this element was included during a label redesign improvement project that also aims to provide customers with a more organized way of displaying product information on labels. The new look features a cleaner design with bold, easy- to-read typefaces, and is now available on most products with the balance by the end of the year.

Capital Investments Across Business SectorsIn addition to Sappi's capital projects in the coated business and the Cloquet pulp mill conversion to dissolving pulp, the company also recently announced a $2.5M capital project at the Westbrook Mill to re-build the speciality coater in the Release sector. These strategic investments represent Sappi's strong track record of innovation and long-term growth across its business sectors.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs