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Sappi has announced that it has completed the sale of the Enstra Mill to Corruseal as the company had announced in July this year. The agreement with Corruseal regarding Enstra Mill includes the recycled containerboard and kraft papers business produced on PM6, as well as the fine paper and security paper portfolio produced on PM2.

Sappi has also announced that it has invested and committed in 2015 and 2016 capital upgrades to secure Stanger Mill as a world-class office and tissue paper producer.

The first phase of this project has been completed through an investment of approximately R30 million in upgrading various aspects of the paper machine.

During the next five months, Sappi will invest a further R70 million at Stanger Mill in sheeting and finishing operations with a focus on speed, increasing the throughput of the finished A4 products, as well as improving the packaging quality.

Sappi expects to close the sale of its Cape Kraft Mill to New Era Holdings before the end of November 2015. The proceeds from the two sales will amount to just under R600m reported Paper Age.

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