Sappi Limited is a South African-based international forest products company. The Company produces fine paper, commodity products and pulp. Sappi's operations are structured around two business units: Sappi Fine Paper, which has fine paper and related paper pulp businesses in North America, Europe and South Africa, and Sappi Forest Products, which produces commodity paper products (newsprint and packaging papers), pulp (including dissolving pulp and hardwood and softwood pulp) and forest and timber products (including pulpwood, sawlogs and sawn timber) for southern Africa and export markets. Pursuant to a reorganization of its North American and European fine paper shareholding, the Company's fine paper interests are now held by Sappi Papier Holding AG in Austria, and its worldwide activities are coordinated from London through Sappi Fine Paper plc.