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Sappi Fine Paper North America and the United Steelworkers reach agreement to ratify new labor contract for Cloquet Mill empl...

Date : 12/08/2012 @ 8:39PM
Source : PR Newswire (US)
Stock : Sappi Ltd. (PC) (SPPJY)
Quote : 3.75  -0.09 (-2.34%) @ 3:30AM
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Sappi Fine Paper North America and the United Steelworkers reach agreement to ratify new labor contract for Cloquet Mill empl...

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Sappi Fine Paper North America and the United Steelworkers reach agreement to ratify new labor contract for Cloquet Mill employees

BOSTON, Dec. 8, 2012 /PRNewswire/ -- Sappi Fine Paper North America and the United Steelworkers (USW) announce the ratification of a new labor agreement.

(Logo:  http://photos.prnewswire.com/prnh/20110728/MM43821LOGO )

With contract negotiation now complete, the Cloquet mill can continue to concentrate on producing world-class paper and completing the $170 million capital project to convert the pulp mill to specialized cellulose.

About Sappi Fine Paper North America
Sappi Fine Paper North America, known for innovation and quality, is a preeminent North American producer of coated fine and release papers and market pulp headquartered in Boston, Massachusetts. Its coated fine papers, with highly recognized brand names such as McCoy, Opus, Somerset and Flo, are used in premium magazines, catalogs, books and high-end print advertising. The company is also the world's leading supplier of release papers for the automotive, fashion and engineered films industries, including the globally recognized Ultracast brand. Sappi's release papers provide the surface aesthetics for synthetic fabrics used in footwear, clothing, upholstery and accessories, as well as the textures for decorative laminates found in kitchens, baths, flooring and other decorative surfaces. An integrated pulp and paper producer, with state-of-the-art pulp mills, Sappi is the third largest seller of hardwood pulp in North America.

Sappi Fine Paper North America is a subsidiary of Sappi Limited (NYSE, JSE), a global company headquartered in Johannesburg, South Africa, with over 14,000 employees and manufacturing operations on three continents in seven countries and customers in over 100 countries around the world. Learn more about Sappi at: www.sappi.com/na.

SOURCE Sappi Fine Paper North America

Copyright 2012 PR Newswire



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