2008 Annual report - Sappi

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Our products We are commited to serve our customers the best we can through a continued focus on innovation and excellence in service. Sappi’s history of paper technology ‘firsts’ achieved by our technology centres in the regions in which we operate, continues to underpin this commitment. Coated paper gives a higher level of smoothness than uncoated paper by applying a coating (typically clay based) on the surface of the paper. As a result, higher reprographic quality and printability is achieved. Uses include brochures, catalogues, corporate communications materials, direct mailers, educational textbooks, magazines and calendars. Products and brands • Aero ® • Triple Green • Flo ® • HannoArt • Lustro ® Offset Environmental (LOE) • Magno • McCoy ® • Opus ® • Quatro • Royal • Somerset ® • Tempo Speciality paper can be either coated or uncoated. Uses include bags, labels, packaging and release paper for casting textured finishes (eg artificial leather for the automotive and fashion industries). Coated speciality • Algro • Barricoat • EHR • Icena • Leine • Parade • Prime Pak • Stripkote ® • Superprint • Transkote ® • Triple Green Label • Ultracast ® • Versakote ® Uncoated paper Products and brands uses include business forms, business stationery, general printing paper and photocopy paper. We also produce tissue wadding which is converted into various hygiene products. • African Dream • Camelot Cartridge ® • China Embossed • Croxley ® • Custodian ® • El Toro ® • Econoline ® • Ecomail • Express Brown • Laser Preprint • Lord Ariston • MF Tag • Midas Golden • Paradis • Presspride • Reviva Plus • Sentinel • Silken • Sovereign Select ® • Tissue wadding • Tokai ® • Typek ® • Uniqa ® • Vanguard 12
sappi Pulp Paper pulp is the main raw material used in the production of printing, writing and packaging paper. Pulp is the generic term that describes the cellulose fibre derived from wood. These cellulose fibres may be separated by mechanical, thermomechanical or chemical processes. Mechanical pulp is produced by mechanically grinding wood or wood chips. Thermo mechanical pulp is produced by processing wood fibres using heat and mechanical grinding or refining wood or wood chips. Chemical pulp is produced by using chemical processes which remove the glues (lignins) that bind the wood fibres leaving cellulose fibres. Paper made from chemical pulp is generally termed ‘woodfree’ or ‘fine’ paper.* cellulose fibres. Chemical cellulose is used in the manufacture of a variety of cellulose textile and non-woven fibre products, including viscose staple fibre (rayon), solvent spun fibre (lyocell) and filament. It is also used in various other cellulose-based applications in the food, cigarette, chemical and pharmaceutical industries, including the manufacture of acetate tow, microcrystalline cellulose, cellophane, ethers and moulding powders. The various grades of chemical cellulose are manufactured in accordance with the specific requirements of customers in different market segments. The purity of the chemical cellulose is one of the key determinants of it’s suitability for particular applications. Pulp • Chemical cellulose • Kraft pulp – Springwood – Hardcell – Softcell ® Chemical cellulose is manufactured by similar processes to paper pulp, but purified further to leave virtually pure Timber products includes sawn timber for construction and furniture manufacturing. Packaging paper of heavy and lightweight grades of paper and board are mainly used for primary and secondary packaging of fast moving consumer goods, agricultural and industrial products. Products include container - board, sack kraft and machine glazed kraft which can be coated to enhance barrier and aesthetic properties. Products and brands • Algro Design • Kraftpride ® • Barricoat • Mg Industrial • Beehive bag • Presspride ® • Cape Fluting • Printpride ® • Cape Liner • Stackraft ® • Glass Glaze • Stegi • Hi Yield Fluting ® • Stratomax • Kraftguard ® • Superflute • Superprint ® • Tobacco Liner • Wicked Wrap * See glossary on page 188. // 2008 Annual report 13
Page 1 and 2: annual report 2008
Page 3 and 4: sappi Our report in overview In pro
Page 5 and 6: sappi Our performance The group’s
Page 7 and 8: sappi Target Target Net debt to tot
Page 9 and 10: sappi Our score on the DJSI World D
Page 11 and 12: sappi People continued Our commitme
Page 13: sappi Our business structure Johann
Page 17 and 18: sappi Ideas that matter Print remai
Page 19 and 20: sappi Objectives for 2009 Meaningf
Page 21 and 22: sappi Deenadayalen (Len) Konar // (
Page 23 and 24: sappi Divisional and corporate mana
Page 25 and 26: sappi We are of the opinion that su
Page 27 and 28: sappi input cost reductions across
Page 29 and 30: sappi Q // Will the integration of
Page 31 and 32: sappi Sappi Fine Paper Mills/ Capac
Page 33 and 34: sappi deliver excellent service and
Page 35 and 36: sappi Transaction funding overview
Page 37 and 38: sappi Sappi Forest Products Mills/
Page 39: sappi Demand and prices in the inte
Page 42 and 43: Risk management Our top risks These
Page 44 and 45: Risk management // continued Risk m
Page 46 and 47: Chief financial officer’s report
Page 60 and 61: Five year review Not restated for I
Page 62 and 63: Share statistics at September 2008
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Corporate governance We are committ
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Corporate governance // continued E
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Corporate governance // continued A
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Corporate governance // continued r
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Compensation report Compensation co
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Annual financial statements for the
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Directors’ approval The directors
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Directors’ report // continued fo
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Group income statement for the year
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Group cash flow statement for the y
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Group income statement in Rands con
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Group cash flow statement in Rands
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Notes to the group annual financial
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Condensed Sappi Limited company inc
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Condensed Sappi Limited company cas
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Notes to the condensed Sappi Limite
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Glossary General definitions bleach
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Glossary // continued Non-GAAP fina
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Notice to shareholders // continued
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Notice to shareholders // continued
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Shareholder’s diary Annual genera
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Notes to proxy The form of proxy mu
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Notes 1. To be effective, this form
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Notes 1. To be effective, this form
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2008 Annual report - Sappi

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