Sappi Sees Growth Opportunities to Meet Prosperity Goals
Meet or Exceed 12% RONOA
Return on net operating assets (RONOA) is a core measure of financial sustainability that measures how effectively we use our asset base to generate profit.
In 2017 Sappi North America achieved a 4.7 percent RONOA, down only slightly from the prior year due to very challenging conditions in graphics and release markets. Disciplined cost management and strong performance in our dissolving wood pulp helped to offset the impact of these headwinds.
Looking ahead, Sappi North America will be completing several signifi cant investments in 2018, including Somerset’s new wood yard ($25M) and rebuild of Paper Machine 1 for packaging ($165M), as well as a new Paper Machine 12 headbox ($6M) at Cloquet which will improve product quality.
These investments create the platform for increased profi tability and growth in 2018 and beyond.
Read more from Sappi North America's 2017 Sustainability Report here: http://bit.ly/Sappi-SR17.