Sappi to mothball paper machine in South Africa
JOHANNESBURG, Oct 12 (Reuters) - Paper maker Sappi said on Friday it will mothball a paper machine at its unprofitable Tugela mill in South Africa from Jan. 1 next year.
The company said in a statement that it would restart the machine when market conditions improve. It has sufficient capacity to meet local containerboard requirements, it added.
(Reporting by Olivia Kumwenda; Editing by Agnieszka Flak)
((Olivia.Kumwenda@thomsonreuters.com)(+27 11 775 3159)(Reuters Messaging: olivia.kumwenda.thomsonreuters.com@reuters.net))
Keywords: SAPPI/
JOHANNESBURG, Oct 12- Paper maker Sappi said on Friday it will mothball a paper machine at its unprofitable Tugela mill in South Africa from Jan. 1 next year. The company said in a statement that it would restart the machine when market conditions improve. It has sufficient capacity to meet local containerboard requirements, it added.