Sappi North America awarded Pöyry the detailed design for the rebuild of paper machine 1 (PM1) at its Somerset paper manufacturing facility in Skowhegan, Maine, USA. The USD 165 million capital project will expand Sappi North America’s manufacturing capabilities and flexibility to include a variety of consumer packaging grades. The start-up of the rebuilt machine is scheduled for early 2018.
Earlier the company placed around EUR 60-70 million order with Valmet for the rebuild of PM1.
Sappi North America, headquartered in Boston and a subsidiary of global pulp and paper group Sappi Limited. It is a market leader in converting wood fiber into superior products that customers demand worldwide. The company has four diversified businesses – high quality Coated Printing Papers, Specialised Cellulose, Release Papers and Specialty Packaging.
Earlier Sappi issued redemption notice for USD 400 million 2017 bonds.
South African Pulp and Paper Industries (Sappi) Limited was founded in 1936. The company is headquartered in Johannesburg. It is focuses on commodity paper products, pulp, chemical cellulose and forest and timber products for Southern Africa and export markets. In 2013, it was reported as the world’s largest producer of dissolving wood pulp.