South African paper maker Sappi Limited (SPP) says it will boost its profitable chemical...

|About: Sappi Ltd. ADR (SPPJY)|By:, SA News Editor

South African paper maker Sappi Limited (SPP) says it will boost its profitable chemical cellulose output after the firm realizes a loss in FQ4. The sharp falloff in demand for the paper used in glossy magazines has the company looking in new directions. Shares +6.6% in Johannesburg, ADRs +5.5% premarket.