Industrial Minerals
According to the Confederation of European Paper Industries (CEPI), initial estimates for 2017 show that paper and board production globally increased by 1.5% in 2017, reaching 420 million tonnes worldwide. According to a report published in February 2018 by Transparency Market Research, demand for calcium carbonate is expected to increase at a compound annual growth rate of 5% between 2017 and 2025. According to the company spokesperson, healthy containerboard demand in 2017 allowed packaging mills in the US to operate at 97% average capacity and enabled producers to push through several price increases over the past year. According to the company’s chief executive officer Steve Binnie, the move to acquire CPG diversifies Sappi’s product range and strengthens its specialties and packaging paper business both in Europe and globally.
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