Sappi North America saw many successes in 2017 despite challenging market headwinds. To our employees, customers and other partners whose dedication contributed to those successes, I thank you.
Gardner discusses the state of sustainability at Sappi
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In 2016, Sappi North America achieved many important milestones as we continue to transform into a more diversified, sustainable business that meets the needs of our customers, communities, employees and shareholders. As part of the Sappi Limited group, our strong cash generation (EBITDA growth of 18 percent year over year), allowed us to reduce net debt by 20 percent year on year, and our robust balance sheet created a strong platform for growth and re-investment in 2017 and beyond.
“As I look back on the past year, I am gratified to see that the investments we have made in our mills are already paying dividends…[and] building a more diverse, sustainable business."
Article
As I look back on the past year, I am gratified to see that the investments we have made in our mills are already paying dividends. These investments have enabled us to expand our product lines and capabilities across all of our businesses—whether through the rebuild of PM 3 at Somerset, the coater at Westbrook, or the series of investments at Cloquet—all while reducing costs and driving productivity. We can now more effectively respond to changing customer needs and have created the platform for building a more diverse, sustainable business.
