Healthy demand for Sappi's pulp and cellulose products are helping to offset declining paper demand. We are dropping coverage of Sappi SPP.  We provide broad coverage of more than 1,700 companies across more than 140 industries, and adjust our coverage as necessary based on client demand and investor interest. Falling coated-paper volumes and the attendant loss of fixed-cost absorption defined Sappi's SPP fiscal second-quarter results, though reduced input costs (namely, fiber, energy, and chemicals) offset some of the damage. Like many companies in the pulp and paper space, cash conservation (and, if ... Sappi SPP reported mixed first-quarter results for fiscal 2011, benefiting from a strong performance by the firm's South African pulp and cellulose business. However, continued weakness in paper prices (especially in Europe), as well as the specter of raw material cost inflation lead us to believe ... June 20 (Reuters) - Sappi Papier Holding Wednesday $700 million of senior secured notes in two parts in the 144a private placement market, said IFR, a Thomson Reuters service. J.P. Morgan, Citigroup and RBS were the joint bookrunning managers for the sale. BORROWER: SAPPI PAPIER TRANCHE 1 AMT $400 ... Turbulent market conditions continued to batter Sappi SPP in the second quarter. Lackluster demand, poor asset utilization, and stalled price increases all contributed to the firm's malaise, culminating in a significant restructuring charge associated with its North American operations. Because our ... Sappi SPP reported results for its fiscal first quarter today, delivering 9% sales growth year over year. The company's European Fine Papers business, its largest in revenue terms, saw sales increase 9%, thanks largely to the U.S. dollar's continued depreciation versus the euro, as volumes were ... We are cutting our fair value estimate for Sappi SPP to reflect a diminished growth outlook for the South African economy and continued demand deterioration in the company's developed market segments. Concerning South Africa, our model had previously incorporated expectations of weaker, albeit ... 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. JOHANNESBURG, Sept 25 (Reuters) - South African paper maker Sappi said on Tuesday it would retool its Alfeld Mill in Germany to focus exclusively on the fast-growing market for one-sided coated paper used for packaging and labels.