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Articles related to Verso


Liquidation firm purchases Luke paper mill
Liquidation firm purchases Luke paper mill

A date for auctioning the former Luke paper mill's assets has been set by Capital Recovery Group, the property's owner.

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Day set for Sartell paper mill remembrance
Day set for Sartell paper mill remembrance

From 1-4 p.m. Saturday, June 11, there will be a "Verso Paper Corporation Mill Remembrance" at the Sartell Community Center. The event is a joint presentation by the Sartell Historical Society and the Sartell Senior Connection. Former paper-mill employees and the general public are welcome to attend the free day of remembrance. It will take place right after the Grand Parade of the annual Sartell SummerFest that day.

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BillerudKorsnäs completes acquisition of Verso
BillerudKorsnäs completes acquisition of Verso

BillerudKorsnäs announces the completion of its acquisition of Verso for a purchase price of approximately USD 825 million in cash. Verso is a leading producer of coated paper in North America, with 2021 net sales of USD 1 278 million and adjusted EBITDA of USD 223 million.

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Verso merger with BillerudKorsnäs approved by shareholders, regulators; deal to close Thursday
Verso merger with BillerudKorsnäs approved by shareholders, regulators; deal to close Thursday

According to a news release Tuesday afternoon, Verso has received all necessary approvals to complete the merger.

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Verso Announces Stockholder Approval of Merger Agreement with BillerudKorsnäs
Verso Announces Stockholder Approval of Merger Agreement with BillerudKorsnäs

Verso and BillerudKorsnäs now expect the merger to close in late-March or April of 2022.

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Verso Corporation Files Definitive Proxy Statement in Connection with BillerudKorsnäs Merger Agreement
Verso Corporation Files Definitive Proxy Statement in Connection with BillerudKorsnäs Merger Agreement

Special Meeting of Verso Stockholders to Approve Merger Scheduled for March 11, 2022

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Verso Corporation Files Preliminary Proxy Statement in Connection with BillerudKorsnäs Merger Agreement
Verso Corporation Files Preliminary Proxy Statement in Connection with BillerudKorsnäs Merger Agreement

Verso Corporation announced the filing of a preliminary proxy statement for a special meeting of stockholders, at which Verso stockholders will consider and vote upon various items related to the proposed and previously announced transaction with BillerudKorsnäs AB. If approved, all Verso stockholders will receive $27.00 per share in cash upon closing of the transaction, representing immediate and certain value at a significant premium.

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Verso holder Hoak comes out against sale to BillerudKorsnas, will vote against deal
Verso holder Hoak comes out against sale to BillerudKorsnas, will vote against deal

Hoak, which has a 8.2% stake in Verso and appears to be among the company's top five holders, said it would be better for the company to remain independent and plans to vote again the announced sale.

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Verso Corp. to pay nearly $250,000 in settlement for 2020 fish kill on Escanaba River in Michigan
Verso Corp. to pay nearly $250,000 in settlement for 2020 fish kill on Escanaba River in Michigan

Under the settlement, the Ohio-based company will pay more the $244,451 in civil penalties and natural resource damages and will make spill prevention and containment improvements to its facilities to ensure protection of the Escanaba River and Lake Michigan.

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Verso Corporation to be Acquired by BillerudKorsnäs AB for $27 Per Share in Cash, or Approximately $825 Million
Verso Corporation to be Acquired by BillerudKorsnäs AB for $27 Per Share in Cash, or Approximately $825 Million

The transaction is expected to close in the second quarter of 2022.

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New 'Mill Bill' passes Wisconsin Assembly with bipartisan support, moves to Senate
New 'Mill Bill' passes Wisconsin Assembly with bipartisan support, moves to Senate

The second version of the 'Mill Bill' which would seek to provide state funding to help the purchase of the Verso and Park Fall paper mills passed near-unanimously in the Assembly Thursday.

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Another Mill Bill to be Proposed in Madison, Wisconsin
Another Mill Bill to be Proposed in Madison, Wisconsin

The first draft of a proposal to help restart idled paper mills in Wisconsin Rapids and Park Falls is being finalized.

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Verso says it will continue considering selling to Atlas if offer is raised
Verso says it will continue considering selling to Atlas if offer is raised

Verso Corp. announced Tuesday it would continue considering Atlas Holding's offer to purchase the company if Atlas increased its offer to more than $20 per share.

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Verso forms special committee to evaluate Atlas offer to purchase company
Verso forms special committee to evaluate Atlas offer to purchase company

At Verso's second quarter earnings conference call Friday morning, Randy Nebel, Verso's president and CEO, said the special committee is made up of two non-executive parties and "disinterested parties" and retained independent advisors to evaluate the proposal from Atlas Holdings LLC and any other options Verso might have. The committee will then make a recommendation to the Verso board.

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Minnesota Power seeking millions from former Duluth paper mill owner Verso
Minnesota Power seeking millions from former Duluth paper mill owner Verso

Verso says its requirements were over when the mill was sold and the new owner started making electricity payments.

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Verso Corporation Confirms Receipt of Unsolicited Acquisition Proposal from Atlas Holdings LLC
Verso Corporation Confirms Receipt of Unsolicited Acquisition Proposal from Atlas Holdings LLC

Verso does not intend to make any additional comments regarding the proposal or any other related matter or potential transaction unless and until it is appropriate to do so or a formal agreement has been reached.

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Atlas Holdings makes offer to buy Verso Corp.
Atlas Holdings makes offer to buy Verso Corp.

Atlas Holdings LLC, in a filing with the Securities and Exchange Commission said the company is offering $20 per share for Verso's outstanding stock shares, buying out Verso entirely. The estimated value of the company is $866 million, according to Atlas Holdings.

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Proposed Verso permit would allow some air pollutants to rise
Proposed Verso permit would allow some air pollutants to rise

State environmental officials are accepting public comment until July 27 on an application that allows for a modest increase in pulp production at Verso's mill in Quinnesec, while allowing the maximum release of some air pollutants to rise by hundreds of tons per year, including a doubling of particulate matter.

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Wisconsin governor vetoes
Wisconsin governor vetoes "Mill Bill"

According to a release from the Governor, the bill would require the governor to allocate $65 million in federal funds under the American Rescue Plan Act to finance the purchases of the Verso Paper Mill in Wisconsin Rapids and the Park Falls Pulp and Paper Mill in Park Falls.

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Paper mill loan bill heads to Wisconsin governor's desk despite disagreement over whether federal funds can be used
Paper mill loan bill heads to Wisconsin governor's desk despite disagreement over whether federal funds can be used

The bill passed 63-35 in the Assembly and 20-12 in the Senate. It would allow the Wisconsin Economic Development Corporation to provide a timber cooperative, which is made up of people throughout the timber industry in the state, a $50 million loan to purchase the Verso Mill in Wisconsin Rapids and a $15 million loan to purchase the Flambeau River Papers Mill in Park Falls.

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Wisconsin lawmakers approve $50 million for cooperative to buy idled Wisconsin Rapids paper mill
Wisconsin lawmakers approve $50 million for cooperative to buy idled Wisconsin Rapids paper mill

Assembly lawmakers passed legislation Tuesday that would provide $50 million in federal pandemic aid to a timber cooperative to buy and upgrade the Verso paper mill that was shut down in Wisconsin Rapids, costing 900 people their jobs.

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Verso Corporation Announces Preliminary Results of Modified Dutch Auction Tender Offer
Verso Corporation Announces Preliminary Results of Modified Dutch Auction Tender Offer

Verso Corporation announced the preliminary results of its "modified Dutch auction" tender offer for the purchase for cash of shares of its Class A common stock, par value $0.01 per share (the "Shares"), having an aggregate purchase price of not more than $55.0 million, which expired at 12:00 midnight, New York City time, at the end of Thursday, June 10, 2021.

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Verso Corporation Launches All-New Website
Verso Corporation Launches All-New Website

Verso Corporation announced the launch of its redesigned website, featuring all-new content that covers numerous topics and areas of interest, from its library of paper promotions to sustainability information and much more.

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Bill passes to assist in Verso Wisconsin Rapids mill purchase
Bill passes to assist in Verso Wisconsin Rapids mill purchase

On June 8, the State Assembly's Committee on State Affairs voted to pass Assembly Bill No. 367 (AB 367), which will provide state assistance to support the purchase of the former Verso paper mill in Wisconsin Rapids.

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Verso Corporation Names Brian D. Cullen Senior Vice President and Chief Financial Officer
Verso Corporation Names Brian D. Cullen Senior Vice President and Chief Financial Officer

Verso Corporation announced that Brian D. Cullen will become its Senior Vice President and Chief Financial Officer effective June 16, 2021.

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Wisconsin lawmaker asks for 50 million dollar loan for restarting idled papermill in Wisconsin Rapids
Wisconsin lawmaker asks for 50 million dollar loan for restarting idled papermill in Wisconsin Rapids

A bill authored by Representative Scott Krug of Nekoosa which calls for W E D C to issue a fifty million dollar loan to the co-op looking to buy the idled Verso paper mill will get a hearing in Madison.

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Verso: Fire damage will not affect 'any future plans' for Wisconsin Rapids mill
Verso: Fire damage will not affect 'any future plans' for Wisconsin Rapids mill

The cause of a fire last week at the idled Verso paper mill in Wisconsin Rapids is still under investigation, but company leaders say they do not anticipate it will affect "any future plans or options for the mill."

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Verso Wisconsin Rapids Mill Fire May Have Been Sparked by Lightning
Verso Wisconsin Rapids Mill Fire May Have Been Sparked by Lightning

Group in talks to buy Verso Mill says fire 'does not diminish our interest'.

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Officials continue to investigate cause of fire at Verso paper mill in Wisconsin Rapids; extent of damage unknown
Officials continue to investigate cause of fire at Verso paper mill in Wisconsin Rapids; extent of damage unknown

About 60 local firefighters responded to a fire Tuesday night at the Verso paper mill in Wisconsin Rapids.

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Following sale of Verso Duluth mill, talks to sell mill in Wisconsin Rapids continue
Following sale of Verso Duluth mill, talks to sell mill in Wisconsin Rapids continue

Dennis Schoeneck, the president of the Timber Professionals Cooperative, said the group has continued talking with Verso about a potential sale of the Rapids mill, although there hasn't been a deal on the table yet.

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Verso Corporation Announces Sale of Duluth, Minnesota, Mill
Verso Corporation Announces Sale of Duluth, Minnesota, Mill

Verso Corporation announced the completion of the sale of the company's closed mill in Duluth, Minnesota, to ST Paper.

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Council approves tax break, forgivable loan for Duluth, Minnesota paper mill
Council approves tax break, forgivable loan for Duluth, Minnesota paper mill

Local aid helps close the funding gap as ST Paper negotiates to purchase Verso Corp.'s Duluth mill and convert it to tissue production.

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Council to consider tax abatement, forgivable loan to help restart Duluth, Minnesota paper mill
Council to consider tax abatement, forgivable loan to help restart Duluth, Minnesota paper mill

Following a proposed conversion, ST Paper expects to employ at least 80 people at the Duluth mill.

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Lawmakers author bill to assist with Verso Wisconsin Rapids mill  sale; association works toward purchase of mill
Lawmakers author bill to assist with Verso Wisconsin Rapids mill sale; association works toward purchase of mill

The Verso mill was the largest employer in Wisconsin Rapids, with 905 employees, until June 2020 when the mill closed.

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OSHA declines to issue fine in connection to Pixelle Jay mill explosion
OSHA declines to issue fine in connection to Pixelle Jay mill explosion

The Occupational Safety and Health Administration issued Pixelle Specialty Solutions a hazard alert letter on Jan. 5 but did not fine the company in relation to a digester explosion on April 2020 because no OSHA standard applies.

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Jay paper mill owners file lawsuit against Florida company connected to 2020 explosion
Jay paper mill owners file lawsuit against Florida company connected to 2020 explosion

Pixelle Specialty Solutions and related companies claim that on April 15, 2020 a digester ruptured at the Androscoggin Mill as a result of failed welds, holding Trico Mechanical Contractors, Inc. responsible.

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State grant could bring jobs back to shuttered Duluth, Minn. paper mill
State grant could bring jobs back to shuttered Duluth, Minn. paper mill

ST Paper will seek up to $1.5 million in state job-creation funds to breathe new life into Verso Corp.'s Duluth paper mill, with the full support of the Duluth City Council.

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First of its kind multi-state cooperative says it's just waiting on Verso's call in order to begin reopening the Wisconsin Rapids mill
First of its kind multi-state cooperative says it's just waiting on Verso's call in order to begin reopening the Wisconsin Rapids mill

Dennis Schoeneck, owner of Enterprise Forest Products in Pelican Lake, said his "business changed immediately on June 9, 2020″ when the Verso Mill in Wisconsin Rapids suddenly closed.

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$3M aid package for at least 80 jobs at Duluth Verso paper mill moves forward
$3M aid package for at least 80 jobs at Duluth Verso paper mill moves forward

A provision to offer a forgivable loan to restart the idled Verso Corp. mill passes out of committee in both the Minnesota House and Senate.

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Message from Verso CEO Randy Nebel
Message from Verso CEO Randy Nebel

Our goal is for you to recognize Verso as a customer-centric organization that delivers best-in-class paper and pulp products with the highest level of service. We know that we have opportunities to improve in this area, and are working diligently to develop new initiatives to do just that.

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Verso to pay $650K to settle pollution claims at closed paper mill
Verso to pay $650K to settle pollution claims at closed paper mill

Verso Corporation, owner of the now defunct Luke paper mill, agreed to clean up toxic waste that seeped into the Potomac River from the mill and pay the state of Maryland $650,000. The actions are part of a settlement to resolve lawsuits over the pollution.

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Negotiations to sell Verso Duluth paper mill hindered by financial obstacles
Negotiations to sell Verso Duluth paper mill hindered by financial obstacles

A representative of the would-be buyer says: "We are almost ready to give up."

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Prospective buyer expresses interest in Verso Duluth, Minn. paper mill
Prospective buyer expresses interest in Verso Duluth, Minn. paper mill

ST Paper is exploring a possible acquisition of Verso Corp.'s idled plant with an eye toward converting it to tissue production.

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Verso CFO says he's about ready to retire
Verso CFO says he's about ready to retire

Allen J. Campbell, the Chief Financial Officer of Verso Corporation ("Verso") has informed Verso of his intent to retire in 2021. Mr. Campbell and Verso have mutually settled upon June 30, 2021, as the date of his retirement. On March 5, 2021, the Compensation Committee of Verso's board of directors approved a retention arrangement to incentivize him not to retire before June 30, 2021.

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Consolidated Cooperative files letter of intent to purchase Verso mill in Wisconsin Rapids
Consolidated Cooperative files letter of intent to purchase Verso mill in Wisconsin Rapids

A cooperative formed after the closure of Verso's paper mill has toured the facility and filed a letter of intent to purchase the Wisconsin Rapids mill, State Rep. Scott Krug, R-Nekoosa, told the Wisconsin Rapids Together Task Force Wednesday.

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Verso Corporation Names Randy J. Nebel as President and CEO
Verso Corporation Names Randy J. Nebel as President and CEO

Verso Corporation announced the appointment of Randy J. Nebel as President and Chief Executive Officer. Mr. Nebel has served as interim President and Chief Executive Officer since October 2020 and has been a member of Verso's Board of Directors since November 2019.

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Report: Purchase of former Verso Luke mill appears imminent
Report: Purchase of former Verso Luke mill appears imminent

Estimates for the new venture are in the neighborhood of 200 jobs created.

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Some Hope Remains For Future of Verso Paper Mill in Wisconsin Rapids
Some Hope Remains For Future of Verso Paper Mill in Wisconsin Rapids

Mayor Shane Blaser says talks with Verso about the paper mill in his city have warmed up in recent weeks.

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Consultant's contract extended in effort to help broker sale of Duluth, Minn. Verso  paper mill
Consultant's contract extended in effort to help broker sale of Duluth, Minn. Verso paper mill

Duluth will retain the services of a consulting firm at least a while longer in hopes that it can find a new owner for the Verso paper mill, which has been idled since summer.

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Trees that once fed Duluth paper mill could become tinder for wildfires
Trees that once fed Duluth paper mill could become tinder for wildfires

A pest that's killing spruce and balsam firs is making the problem worse.

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Active negotiations lift hopes that idled Duluth, Minn. paper mill may be revived
Active negotiations lift hopes that idled Duluth, Minn. paper mill may be revived

The identity of an interested prospective buyer remains under wraps, but any sale likely would involve a massive investment to convert the mill's production to materials used in packaging.

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Wisconsin Sen. Baldwin urges Verso to operate or sell mill in letter sent to board
Wisconsin Sen. Baldwin urges Verso to operate or sell mill in letter sent to board

U.S. Senator Tammy Baldwin (D-Wisconsin) has sent a letter to the Verso Corporation Board of Directors to either run the mill or sell it, for the sake of their employees.

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Verso Announces Pulp Price Hike
Verso Announces Pulp Price Hike

Effective with all orders shipping on or after November 1, 2020, Verso Corporation is increasing the transaction price of all pulp products by $30.00 per metric tonne.

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Verso has halted its effort to sell Wisconsin Rapids mill, a decision one task force member called 'playing games'
Verso has halted its effort to sell Wisconsin Rapids mill, a decision one task force member called 'playing games'

After months of exploring possibilities, Verso Corp. announced Wednesday it would slow down its effort to find a buyer for the Wisconsin Rapids mill.

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Senator urges Verso to sell Wisconsin Rapids mill
Senator urges Verso to sell Wisconsin Rapids mill

The Verso pulp and paper mill has been idled since July 31 as Verso seeks a buyer.

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Verso CEO out
Verso CEO out

Verso Corporation announced that Adam St. John has resigned as President and Chief Executive Officer and as a member of the Board of Directors, effective as of September 30, 2020. The Verso Board of Directors has named Randy J. Nebel, a current member of the Board, as interim President and Chief Executive Officer.

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More layoffs at Maine Pixelle paper mill after blast
More layoffs at Maine Pixelle paper mill after blast

The owner of the Androscoggin paper mill is cutting another 51 jobs, bringing the total to 110 workers laid off since an explosion in April.

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Paper cuts: U.S. coronavirus downturn hits timber-reliant towns
Paper cuts: U.S. coronavirus downturn hits timber-reliant towns

When a major U.S. paper producer decided over the summer to shut two of its mills, citing the drop in demand for paper amid the coronavirus pandemic, it sent reverberations through a region that is highly reliant on its timber industry.

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Verso Introduces Direct Mail Promotion: Vote for Verso Papers
Verso Introduces Direct Mail Promotion: Vote for Verso Papers

Verso Corporation introduced a new direct mail promotion, Vote for Verso Papers, to create awareness of its extensive 7 & 9 pt. sheetfed, digital, web and inkjet printing papers amongst those designing and printing direct mail for political campaigns.

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Fish kill blamed on Verso black liquor release
Fish kill blamed on Verso black liquor release

Officials with the Michigan Department of Environment, Great Lakes, and Energy said a recent fish kill along the southern reaches of the Escanaba River at Gladstone was the result of a pipe failure at Verso Corporation's Escanaba Paper Mill.

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Graphic Packaging recruiting laid off Verso workers
Graphic Packaging recruiting laid off Verso workers

Graphic Packaging says it will be in Wisconsin Rapids next week recruiting laid off Verso workers.

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DNR investigates hundreds of Escanaba River fish deaths near Verso paper mill
DNR investigates hundreds of Escanaba River fish deaths near Verso paper mill

The investigation into the kill is ongoing and Verso officials are cooperating, state officials said.

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Verso agrees to sell two Luke machines
Verso agrees to sell two Luke machines

Verso says it has entered into an equipment purchase agreement with Halkali Kagit Karton Sanayi ve Tic. A.S., a company organized under the laws of Turkey, whereby Verso agreed to sell, and the Purchaser agreed to purchase, certain equipment at Verso's Luke Mill, primarily including two paper machines.

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Verso continues to explore options for idled Duluth, Minn. paper mill
Verso continues to explore options for idled Duluth, Minn. paper mill

The Duluth mill may need to shift production to kraft paper packaging materials in order to survive.

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Future uncertain for employees after closure of Verso Mill
Future uncertain for employees after closure of Verso Mill

Many people in Wisconsin Rapids are without a job Monday night after the Verso Paper Mill shut down production. Other Verso workers know their job there has an expiration date.

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Work continues to secure future of Verso mill in Wisconsin Rapids as layoffs loom
Work continues to secure future of Verso mill in Wisconsin Rapids as layoffs loom

The Verso mill is in the process of idling this week in Wisconsin Rapids, but task force leaders say they have to continue to endeavor to find solutions for the future of the site.

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Duluth, Minnesota scrambles to find future for idled Verso mill
Duluth, Minnesota scrambles to find future for idled Verso mill

Government and business leaders are working to save or find a buyer for a Verso Corp. paper mill that shut down in June, laying off hundreds of workers.

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State leaders optimistic about future of Wisconsin Rapids mill, say potential buyers are interested
State leaders optimistic about future of Wisconsin Rapids mill, say potential buyers are interested

As the Verso Corp. paper mill quickly approaches a planned shutdown this month, local, state and industry leaders continue looking for ways to keep it up and running, including by finding someone to buy it.

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Verso Corporation to Hold Virtual 2020 Annual Meeting of Stockholders
Verso Corporation to Hold Virtual 2020 Annual Meeting of Stockholders

Verso Corporation announced that due to the public health impact of the novel coronavirus (COVID-19) pandemic and to protect the health and well-being of its employees, stockholders and the broader community, Verso will hold its 2020 Annual Meeting of Stockholders in a virtual meeting format only, via live audio webcast.

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Man rescued from wood chip trailer
Man rescued from wood chip trailer

At about 7:30 p.m. on Thursday, July 16, deputies were dispatched to the back gate of Verso's Escanaba Mill. While preparing to dump a wood chip trailer at the mill, a driver had heard a man yelling from inside the trailer. The driver left the mill and called law enforcement.

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Verso Settles Class Suit Over Benefits for Paper Mill Retirees
Verso Settles Class Suit Over Benefits for Paper Mill Retirees

Paper maker Verso Corp. will provide death benefits of $2,750 to each of 155 union retirees of a now-shuttered paper mill in Wickliffe, Ky., ending a proposed class action filed in the Southern District of Ohio.

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No deal to save Wisconsin Rapids' Verso mill on the horizon
No deal to save Wisconsin Rapids' Verso mill on the horizon

All signs continue to point to the Verso paper mill in Wisconsin Rapids shutting down operations on July 31st.

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Attorney: Verso buyer search 'exhausted,' cleanup continues
Attorney: Verso buyer search 'exhausted,' cleanup continues

According to an email received by Del. Gary Howell on Monday, representatives for Verso Corporation say they have "exhausted" efforts to find a buyer for the shuttered Luke mill, but will continue to work toward slowing the seepage of black liquor into the Potomac.

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Minnesota loggers call emergency meeting after mill idles
Minnesota loggers call emergency meeting after mill idles

It's the third area mill to announce a shutdown or reduction since the COVID-19 pandemic officially reached Minnesota in early March.

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Verso to lay off more than a quarter of its employees as its idles mills in Minnesota, Wisconsin
Verso to lay off more than a quarter of its employees as its idles mills in Minnesota, Wisconsin

Verso Corp. said Tuesday, June 9, that it expects to lay off about 1,000 employees, as it idles idles mills in Duluth, Minnesota and Wisconsin Rapids, Wisconsin this summer, given the accelerated decline in demand for graphic paper given the COVID-19 pandemic.

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Verso Corporation Appoints Terrence M. Dyer as Senior Vice President of Human Resources and Communications

Verso Corporation announced that Terrence M. Dyer has been appointed Verso's Senior Vice President, Human Resources and Communications, effective June 1, 2020.

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Verso claims no viable offers for shuttered Luke mill
Verso claims no viable offers for shuttered Luke mill

The Verso Corp., owner of the Luke Paper Mill, said no offers have been tendered on the property and it is preparing the site for sale to third parties for alternative uses.

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Maryland lawsuit against paper mill owner Verso raises to the federal level
Maryland lawsuit against paper mill owner Verso raises to the federal level

Verso Corporation closed the Luke paper mill a little over one year ago due to profitability, the company said. Over 600 people lost their jobs from the closure. Then in December 2019, Maryland Attorney General Brian Frosh filed a lawsuit in the Circuit Court for Allegany County regarding the alleged pulping liquor pollution.

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Verso Corporation Introduces Velocity
Verso Corporation Introduces Velocity

Verso Corporation introduced Velocity®, a No. 3 coated value web paper ideal for a variety of commercial web offset printing applications, including magazines, catalogs, high-end retail inserts, direct mail and lightweight mailings.

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Verso Corp. laying off 59 workers at headquarters
Verso Corp. laying off 59 workers at headquarters

Verso Corp. is laying off 59 workers at its Miami Twp. headquarters, the papermaker reported to Ohio government.

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Verso Corporation Broadens Manufacturing Capability to Produce OptiLabel™ Face Stock Papers
Verso Corporation Broadens Manufacturing Capability to Produce OptiLabel™ Face Stock Papers

Verso Corporation announced that its Quinnesec, Michigan, paper mill has broadened its manufacturing expertise to produce OptiLabel™ face stock papers.

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Verso Corp. Quinnesec Mill in Michigan to undergo maintenance
Verso Corp. Quinnesec Mill in Michigan to undergo maintenance

Verso Corporation's Quinnesec Mill will undergo a 2-week mandatory maintenance beginning May 16th. Verso will be utilizing the services of both local and remote contractors. This is to perform an inspection.

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Verso Corporation Announces Expansion of Inkjet Papers
Verso Corporation Announces Expansion of Inkjet Papers

Verso Corporation announced an inventory expansion of its inkjet roll papers to support the evolving needs of commercial printers and document centers with high-speed inkjet presses.

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Verso Corporation Appoints Matthew M. Archambeau as Senior Vice President of Manufacturing and Energy

Verso Corporation announced that Matthew M. Archambeau has been appointed Verso's Senior Vice President, Manufacturing and Energy, effective immediately.

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Verso worker killed in line of duty working as firefighter
Verso worker killed in line of duty working as firefighter

Ben Lauren also worked as a maintenance planner at Verso Paper in Escanaba.

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Verso CEO St. John adds president title
Verso CEO St. John adds president title

Verso Corp. announced Friday its board of directors has elected CEO Adam St. John to serve also as the company's president, effective immediately, replacing Michael A. Weinhold, who resigned.

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Verso president out
Verso president out

Verso Corporation on March 11 announced that Michael A. Weinhold has resigned as President of Verso, effective March 10, 2020.

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OSHA: Investigation into contractor death at Verso facility could take 6 months
OSHA: Investigation into contractor death at Verso facility could take 6 months

The victim has not been identified and details about the fatal incident have not been released.

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Officials investigating death at Verso paper mill in Wisconsin Rapids
Officials investigating death at Verso paper mill in Wisconsin Rapids

Officials are investigating a death at the Verso paper mill in Wisconsin Rapids.

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Update: OSHA investigating death of 54-year-old man after incident at Verso Wisconsin Rapids paper mill
Update: OSHA investigating death of 54-year-old man after incident at Verso Wisconsin Rapids paper mill

The Wisconsin Rapids Fire Department responded to an ambulance call at about 2:20 p.m. Saturday for a 54-year-old man who had fallen at the mill, said Chief Scott Young.

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Maryland Department of the Environment says it'll sue Verso
Maryland Department of the Environment says it'll sue Verso

The State of Maryland, through the Maryland Department of the Environment, on Wednesday issued notice that it intends to bring a lawsuit in federal court against the owner of the Luke Paper Mill for seepages into the North Branch Potomac River that it claims threatens public health and the environment.

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West Virginia lawmakers requests DEP, governor work with Maryland on Verso lawsuit
West Virginia lawmakers requests DEP, governor work with Maryland on Verso lawsuit

The request comes after the Maryland Department of the Environment announced Wednesday that it intends to sue Verso Corp. in federal court over alleged seepages from the site into the North Branch Potomac River.

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Pixelle Acquires Specialty Papers Business from Verso
Pixelle Acquires Specialty Papers Business from Verso

Pixelle Specialty Solutions became the largest specialty papers producer in North America after finalizing its acquisition of two specialty papers mills from Verso Corporation.

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Verso stockholders approve $400 million deal
Verso stockholders approve $400 million deal

Verso stockholders approved the sale of two mills as part of a $400 million deal during an annual meeting of shareholders last week.

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Verso, Atlas And Blue Wolf Announce Agreement To End Proxy Contest
Verso, Atlas And Blue Wolf Announce Agreement To End Proxy Contest

Verso Corporation and Lapetus Capital II LLC (together with its affiliates, including Atlas Holdings LLC, "Atlas") and Blue Wolf Capital Advisors IV, LLC ("Blue Wolf") and their respective affiliates, announced that they have reached an agreement to settle the pending proxy contest with respect to the Company's 2019 Annual Meeting of Stockholders (the "Annual Meeting") and certain other matters.

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Egan-Jones Recommends Verso Stockholders to Vote the WHITE Proxy Card FOR All Verso's Director Nominees and FOR the Pixelle Transaction
Egan-Jones Recommends Verso Stockholders to Vote the WHITE Proxy Card FOR All Verso's Director Nominees and FOR the Pixelle Transaction

All Three Leading, Independent Proxy Advisory Firms Recommend that Verso Stockholders Vote FOR the Pixelle Transaction.

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Paper mill conversion to packaging materials could preserve jobs in Duluth, Minn.
Paper mill conversion to packaging materials could preserve jobs in Duluth, Minn.

Verso seeks state and city aid as it looks to make a costly shift.

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Verso Comments on Atlas/Blue Wolf's 'Questionable Motives'
Verso Comments on Atlas/Blue Wolf's 'Questionable Motives'

Atlas/Blue Wolf's Continuous Refusals to Enter Customary Confidentiality Agreements and Desire to Continue Trading Verso Stock Underscores Company's Concerns

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ISS Recommends Stockholders Vote For The Election Of Atlas And Blue Wolf Nominees To Verso's Board And Delaware Court Orders Verso To Produce Info
ISS Recommends Stockholders Vote For The Election Of Atlas And Blue Wolf Nominees To Verso's Board And Delaware Court Orders Verso To Produce Info

Delaware Chancery Court Finds Credible Basis to Infer Possible Mismanagement at Verso and Orders Verso to Produce Information Requested by Atlas.

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Verso Receives All Necessary Regulatory Approvals to Complete the Pixelle Transaction
Verso Receives All Necessary Regulatory Approvals to Complete the Pixelle Transaction

Verso Corporation announced that, in connection with the pending sale of its Androscoggin and Stevens Point mills to Pixelle Specialty Solutions LLC (the "Pixelle Transaction"), it has received requisite approval under Section 203 of the Federal Power Act from the Federal Energy Regulatory Commission.

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Escanaba, Michigan mill marks 100 years of making paper
Escanaba, Michigan mill marks 100 years of making paper

The Verso Corp.'s Escanaba Mill celebrated a milestone Friday, Jan. 17 -- a full century of making paper.

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Verso gears up for shareholder battle in 'proxy' contest
Verso gears up for shareholder battle in 'proxy' contest

Verso Corp. Monday announced that its board had written shareholders in preparation for the company's Jan. 31 annual meeting. Verso wants shareholders to vote for seven nominees, holding fast against a large shareholder pushing for changes.

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Verso Issues Statement in Response to Atlas and Blue Wolf Litigation
Verso Issues Statement in Response to Atlas and Blue Wolf Litigation

"We urge Verso Stockholders to not be fooled by the deceptive practices employed by Lapetus, Atlas and Blue Wolf to confuse you and to deflect attention from their ultimate objective - to control the Company without paying for it."

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Verso Corporation Files Investor Presentation in Connection with 2019 Annual Meeting
Verso Corporation Files Investor Presentation in Connection with 2019 Annual Meeting

Urges Stockholders to Vote FOR Pixelle Transaction, Verso's Seven Nominees and in Accordance with Verso's Recommendations on All Other Proposals.

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Atlas Holdings And Blue Wolf Capital File Definitive Proxy Materials In Connection With Verso's 2019 Annual Meeting And Send Letter To Stockholders
Atlas Holdings And Blue Wolf Capital File Definitive Proxy Materials In Connection With Verso's 2019 Annual Meeting And Send Letter To Stockholders

Board Urgently Requires the Experience and Stockholder Perspective of Atlas and Blue Wolf Nominees.

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Investor takeover could 'derail' sale of Jay mill, Verso board claims
Investor takeover could 'derail' sale of Jay mill, Verso board claims

If the private equity firms win the election next month, it will likely pave the way for a merger of Verso and Twin Rivers and derail the $400 million sale of Verso mills in Jay and Stevens Point, Wisconsin, to specialty paper company Pixelle Specialty Solutions, the board warned.

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Verso Highlights a Highly Qualified, Diverse, Newly Refreshed Board
Verso Highlights a Highly Qualified, Diverse, Newly Refreshed Board

Verso Corporation announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission ("SEC") in connection the Company's upcoming 2019 Annual Meeting of Stockholders (the "Annual Meeting"), scheduled for January 31, 2020

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Verso Issues Statement in Response to Atlas and Blue Wolf
Verso Issues Statement in Response to Atlas and Blue Wolf

In its statement, activist investors Atlas Holdings and Blue Wolf Capital Advisors IV contends that the rescheduling will prevent shareholders from making an informed decision on the specialty mills transaction and is an attempt to prevent the activists' nominees from being elected.

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In lawsuit, Maryland accuses shuttered Luke paper mill of polluting Potomac River with black liquor waste
In lawsuit, Maryland accuses shuttered Luke paper mill of polluting Potomac River with black liquor waste

The state is asking a judge to order Verso Co., owner of the Luke Mill, to put a stop to the pollution and, potentially, to pay civil penalties.

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Verso proposes new board leadership to fend off investor coup
Verso proposes new board leadership to fend off investor coup

Verso is seeking to replace the leadership of its board of directors to ward off the election a competing slate of nominees chosen by a group of investors that Verso says is waging a proxy war for control of the company.

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Verso Introduces Liberty Coated Paper Promotion
Verso Introduces Liberty Coated Paper Promotion

Liberty is the true No. 4 coated web printing paper made in Escanaba, Michigan.

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Verso Announces Nomination of Dr. Robert K. Beckler and Directors' Decision to Not Stand for Re-Election

Verso Corporation announced that the Board has nominated Dr. Robert K. Beckler, and Dr. Beckler has agreed to be nominated, as a director at the Annual Meeting.

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Verso Introduces Influence Coated Paper Promotion
Verso Introduces Influence Coated Paper Promotion

Influence® is designed to perform on web offset or rotogravure printing presses, is available in a variety of basis weights and finishes, and offered with chain-of-custody certification and recycled content.

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Atlas Holdings and Blue Wolf Capital Issue Letter to Verso Corporation Board of Directors
Atlas Holdings and Blue Wolf Capital Issue Letter to Verso Corporation Board of Directors

"We believe that Stevens Point, one of the Specialty Mills, is the "crown jewel" of Verso. Consequently, stockholders should expect full value for this asset."

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Verso Corporation Announces Appointment of Michael A. Weinhold as President
Verso Corporation Announces Appointment of Michael A. Weinhold as President

Verso Corporation announced that Michael A. Weinhold has been named President of the company, reporting to Chief Executive Officer Adam St. John, effective immediately.

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Verso agrees to sell Jay, Stevens Point mills for $400 million to Pixelle
Verso agrees to sell Jay, Stevens Point mills for $400 million to Pixelle

Pixelle Specialty Solutions has signed a definitive purchase agreement to acquire specialty paper mills in Jay ("Androscoggin"), ME and Stevens Point, WI from Verso Corporation. The transaction is anticipated to close in the first quarter of 2020.

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Driver injured when tractor-trailer rolls near Verso mill in Jay, Maine
Driver injured when tractor-trailer rolls near Verso mill in Jay, Maine

The cab landed on a guardrail and the load of sawdust spilled down an embankment.

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Maryland environmental officials investigate leak in Upper Potomac River near shuttered paper mill
Maryland environmental officials investigate leak in Upper Potomac River near shuttered paper mill

Maryland environmental officials said they are investigating a chemical leak from a recently shuttered paper mill on the Upper Potomac River that has discolored part of the river and could harm aquatic life.

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Verso Showcases Sterling® Premium Coated Paper in ELEVATE YOUR IMPRESSION Promotion
Verso Showcases Sterling® Premium Coated Paper in ELEVATE YOUR IMPRESSION Promotion

Sterling® Premium is Verso's premium coated sheetfed printing paper.

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Verso Announces New Anthem Plus Coated Paper Promotion
Verso Announces New Anthem Plus Coated Paper Promotion

Verso Corporation introduced a new promotion for its economy coated paper, Anthem Plus®, titled Anthem Plus®. Solid Performer.The promotion features the product's satin finish and matching digital companion, Blazer Digital®.

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Union chief: No firm offers for Verso paper mill
Union chief: No firm offers for Verso paper mill

The paper mill operated at Luke since 1888. Verso, who purchased the mill from New Page Corp. in 2015, posted a notice on its website on April 30 that the mill in Luke would close June 30. Nearly 700 people were impacted by the closure.

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Governor announces $200M investment by Phoenix Paper in west Kentucky
Governor announces $200M investment by Phoenix Paper in west Kentucky

Phoenix Paper, which runs a paper mill in west Kentucky, is expanding with a new facility that represents a $200 million investment.

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Verso Jay paper mill in line for millions in new investment
Verso Jay paper mill in line for millions in new investment

Verso Corp. plans to add products and increase production at its mill in Jay where about 500 people work.

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Verso working to replace sewer main at Escanaba, Mich. mill
Verso working to replace sewer main at Escanaba, Mich. mill

The Verso Escanaba Mill is working quickly to replace a sanitary sewer force main that ruptured last week, spilling water containing fecal matter into the Escanaba River.

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Verso Corporation Explores Strategic Alternatives And Approves Adoption Of Stockholder Rights Plan
Verso Corporation Explores Strategic Alternatives And Approves Adoption Of Stockholder Rights Plan

Verso Corporation announced that its Board of Directors, had in late March of 2019, reengaged Houlihan Lokey Capital, Inc. as the company's financial advisor to assist Verso in identifying and evaluating a range of potential strategic alternatives, including a possible merger, joint venture, partnership, business combination, stock repurchase, recapitalization, sale, distribution, transfer or other disposition or acquisition of assets or equity interests, while the Company conducts its search to identify and retain a permanent chief executive officer.

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Firefighters respond to Verso in Wisconsin Rapids
Firefighters respond to Verso in Wisconsin Rapids

A fire that started in the blower room at Verso Corp. on Monday didn't affect the company's operations, according to the fire chief.

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Phoenix Paper Wickliffe, LLC, successfully restarts operations
Phoenix Paper Wickliffe, LLC, successfully restarts operations

The first roll of bleached hardwood pulp was safely produced through the diligent effort of the mill team, the company said.

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Congressional Delegation Details Verso Call
Congressional Delegation Details Verso Call

U.S. Congressman David Trone and U.S. Senators Ben Cardin and Chris Van Hollen (all D-Md.) released the below statement following their call on Friday with Verso Interim CEO Les Lederer.

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Congress members, Luke Mill owner scheduling meeting to discuss Western Maryland paper mill's closure
Congress members, Luke Mill owner scheduling meeting to discuss Western Maryland paper mill's closure

Federal lawmakers from Maryland and West Virginia have demanded a meeting with the owner of the Luke Mill, a Western Maryland paper mill shutting down this month.

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Production to end a month early at Verso paper mill
Production to end a month early at Verso paper mill

The Verso Corporation paper mill in Luke, Md., has released some specifics in connection with its previously announced closing.

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Verso Internal Auditor Charged with Repeated Insider Trading
Verso Internal Auditor Charged with Repeated Insider Trading

The SEC's complaint, filed in the U.S. District Court for the Western District of Tennessee, alleges that Lloyd Schuman, of Cordova, Tennessee, learned that his employer, Verso Corporation, had confidential plans to acquire privately-held NewPage Holdings Inc.

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Maryland agencies working to help after Verso paper mill closing
Maryland agencies working to help after Verso paper mill closing

Maryland Gov. Larry Hogan's administration says state agencies are working to help workers affected by the closing of the Verso Luke Paper Mill in western Maryland.

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Verso Announces Closure of Paper Mill in Luke, Maryland
Verso Announces Closure of Paper Mill in Luke, Maryland

Approximately 675 employees will be impacted by the closure of the Luke Mill.

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Paper mill already making impact on Wickliffe, Ky.
Paper mill already making impact on Wickliffe, Ky.

About eight months ago Chinese company Global Win purchased the closed Verso paper mill in Wickliffe with the intent to re-open it. The mill's new name is Phoenix Paper, and it's already having an impact on the community.

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Verso Corporation CEO steps down
Verso Corporation CEO steps down

Verso Corporation announced that B. Christopher DiSantis has stepped down as President and Chief Executive Officer and member of the Verso Corporation board of directors effective as of April 5, 2019.

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Verso paper machine employees evacuate Jay, Maine mill after chemical released
Verso paper machine employees evacuate Jay, Maine mill after chemical released

Four contractors at the Verso Androscoggin Mill were taken to a hospital and employees working on paper machines left the mill at about 9:30 a.m. Wednesday after a valve was left open and chlorine dioxide gas was released.

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Former Verso mill in Wickliffe, Kentucky now officially Phoenix Paper
Former Verso mill in Wickliffe, Kentucky now officially Phoenix Paper

It was announced on Tuesday that the mill's new name will be Phoenix Paper. Signs with the new name have been put up around the mill.

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Verso Duluth, Minnesota Mill Achieves Safety Milestone
Verso Duluth, Minnesota Mill Achieves Safety Milestone

It's been one year since there's been a recordable injury at the Verso Duluth Mill.

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Verso to Launch New Specialty Label Papers
Verso to Launch New Specialty Label Papers

Verso Corporation announced the launch of three new label papers, OptiLabel™ HB, OptiLitho™ C1S and OptiPrime™ Inkjet WS, further expanding its specialty label paper portfolio, the largest in North America.

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Verso Corporation Comments on ISS Report
Verso Corporation Comments on ISS Report

Verso Recommends Stockholders Vote "For" All Five Director Nominees.

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Former Verso Wickliffe, Kentucky paper mill will reportedly reopen with $150M investment, employing 500
Former Verso Wickliffe, Kentucky paper mill will reportedly reopen with $150M investment, employing 500

Gov. Matt Bevin today announced Global Win Wickliffe LLC, a Chinese-owned paper products manufacturer, will reopen the former Verso Corp. mill in west Kentucky's Ballard County with a $150 million investment expected to create 500 full-time jobs.

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Verso to reduce board size
Verso to reduce board size

Verso Corp. is changing the size of its board of directors. The company will shift from seven members to five at its upcoming annual meeting in September, according to a filing with the U.S. Securities and Exchange Commission.

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Verso Announces Strategic Investments in its Androscoggin Mill in Jay, Maine
Verso Announces Strategic Investments in its Androscoggin Mill in Jay, Maine

Verso Corporation announced that it will make strategic investments in its Androscoggin Mill in Jay, Maine, focused on technology upgrades that will increase the release liner paper capacity of its No. 4 paper machine.

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Verso's Stevens Point Mill Celebrates 100 Years
Verso's Stevens Point Mill Celebrates 100 Years

Verso Corporation's Stevens Point Mill in Wisconsin this month celebrates a century of excellence in making specialty papers.

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Man who held Verso mill manager hostage in 2012 dies repairing manure spreader
Man who held Verso mill manager hostage in 2012 dies repairing manure spreader

Smith was upset over being fired from the Verso Paper Mill after working there for 25 years, according to archives.

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Crane catches fire at Verso Paper facility in Escanaba, Mich. on Sunday
Crane catches fire at Verso Paper facility in Escanaba, Mich. on Sunday

A crane caught fire at Verso Paper Company in Escanaba Sunday afternoon.

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Verso Enters Into CVD Conditional Settlement
Verso Enters Into CVD Conditional Settlement

As part of a settlement entered into by Verso with two Canadian producers of supercalendered papers, Verso has requested that the U.S. Department of Commerce revoke its order imposing duties on supercalendered papers made by those Canadian producers and imported into the U.S.

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Verso to restart Jay, Maine paper machine, hire 120 people
Verso to restart Jay, Maine paper machine, hire 120 people

Verso Corp., which last July said it had permanently shut down its No. 3 paper machine and idled 120 workers at the Androscoggin Mill in Jay, said Thursday it will upgrade the pulp line and paper machine there as it expands into new markets.

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Fire damages Verso mill in Wisconsin Rapids
Fire damages Verso mill in Wisconsin Rapids

A fire at the Verso Paper Mill in Wisconsin Rapids damaged a maintenance room on Saturday night.

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Duluth, Minn. could seek $1M forgivable loan for Verso paper mill upgrade
Duluth, Minn. could seek $1M forgivable loan for Verso paper mill upgrade

Verso is asking the city to submit an application for a $1 million forgivable state loan to help upgrade the recycling capacity of the mill. The project would likely require a total investment of $21 million.

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Verso investor sells nearly 1.3 million shares; company says it could be sold
Verso investor sells nearly 1.3 million shares; company says it could be sold

Verso Corp. revealed that its Strategic Alternatives Committee is looking at the possibility of selling the entire company outright, or merging with another.

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WTO Panel Upholds the Imposition of Antidumping and Countervailing Duties on Imports of Certain Coated Paper from Indonesia
WTO Panel Upholds the Imposition of Antidumping and Countervailing Duties on Imports of Certain Coated Paper from Indonesia

Verso Corporation and Sappi North America praised the decision of a World Trade Organization (WTO) dispute settlement panel, which upheld the imposition of antidumping and countervailing duties on imports from Indonesia.

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Buyer reportedly backs out of Wickliffe, Ky. Verso paper mill deal
Buyer reportedly backs out of Wickliffe, Ky. Verso paper mill deal

The company would not say why the deal fell through, or how the company is planning to re-market it. A company spokesperson says that's all confidential information.

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Verso Corporation Announces Board Chairman Succession Plan
Verso Corporation Announces Board Chairman Succession Plan

Verso Corporation announced that Robert M. Amen, chairman of the company's board of directors, has decided not to stand for reelection at the company's 2018 annual meeting of stockholders and, in connection with his decision, has resigned as chairman of the board effective October 6, 2017.

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Verso Corporation Board of Directors Forms Strategic Alternatives Committee
Verso Corporation Board of Directors Forms Strategic Alternatives Committee

Verso Corporation announced that its board of directors, as part of its ongoing efforts to maximize stockholder value, has formed a Strategic Alternatives Committee comprised of independent directors Eugene I. Davis, Alan J. Carr and Steven D. Scheiwe, with Mr. Davis serving as chairperson.

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	 SEC filing indicates Verso mill in Jay, Maine could be sold
SEC filing indicates Verso mill in Jay, Maine could be sold

The firm that owns 66 percent of the company's shares is disappointed with its return and says selling the Androscoggin Mill would be one way to give value to stockholders.

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Sale of Verso Wickliffe, Ky. mill may be close
Sale of Verso Wickliffe, Ky. mill may be close

The chief executive officer of Verso Corp. told investors he expects the shuttered Wickliffe, Ky. paper mill to be sold by the end of September.

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Verso Paper mill in Jay may get further investment
Verso Paper mill in Jay may get further investment

The Verso paper mill in Jay could be in line for additional investment as the company considers all options for increasing value.

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Former employee pleads guilty to theft of items at Verso's Jay mill
Former employee pleads guilty to theft of items at Verso's Jay mill

A Jay, Maine man, one of three former employees accused of taking items from Verso paper mill in Jay, pleaded guilty Tuesday in Franklin County Superior Court.

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Verso paper mill in Jay, Maine makes 120 layoffs permanent
Verso paper mill in Jay, Maine makes 120 layoffs permanent

Verso Corp. has decided not to bring back 120 employees laid off earlier this year after the company idled its No. 3 paper machine in Jay.

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Verso seeks to cut costs
Verso seeks to cut costs

Verso Corp. is looking to cut $55 million in costs this year as it saw a net loss to start off the year.

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Update on death at Verso facility
Update on death at Verso facility

The Cumberland Times News reports United Steel Workers Local 676, Verso Corporation, reports the death of one of its members at the Beryl woodyard on April 8 was the result of a fall into a wood chip reclaimer.

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Verso employee killed in accident
Verso employee killed in accident

A Verso employee lost his life early Saturday morning as the result of an incident that occurred at Verso's Luke Mill.

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CN recognizes 32 customers for sustainability leadership under CN EcoConnexions Partnership Program
CN recognizes 32 customers for sustainability leadership under CN EcoConnexions Partnership Program

CN has recognized 32 of its customers for their sustainability practices that are aligned with the objectives of the CN EcoConnexions program.

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Headquarters move costs Verso $2 million
Headquarters move costs Verso $2 million

Verso is moving its headquarters from Memphis to Dayton and has put $2 million into consolidating its operations.

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Verso announces 92-Bright Anthem Plus Coated Paper
Verso announces 92-Bright Anthem Plus Coated Paper

Verso Corporation introduced a new promotion titled Anthem Plus®. The American Workhorse. PUT US TO WORK., featuring its brighter, whiter Anthem Plus® economy coated paper.

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Crews douse fire at former Verso paper mill in Bucksport, Maine
Crews douse fire at former Verso paper mill in Bucksport, Maine

Firefighters from Bucksport and several surrounding towns extinguished a fire Saturday morning at the former Verso paper mill.

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Verso's Coated Sheetfed and Digital Paper Portfolios Go Whiter, Brighter
Verso's Coated Sheetfed and Digital Paper Portfolios Go Whiter, Brighter

Verso Corporation, a North American producer of printing papers, specialty papers and pulp, announced an increase in the brightness and whiteness of every product in its coated sheetfed and digital paper portfolios, and introduced Brilliantly Brighter, a new printed promotion showcasing these products.

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Verso introduces NK Series of lightweight natural kraft machine glazed papers
Verso introduces NK Series of lightweight natural kraft machine glazed papers

Verso announced the introduction of NK Series, a family of lightweight, machine-glazed natural kraft papers manufactured using unbleached virgin fiber.

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Verso gets $1.2M tax incentive for move to Dayton, Ohio
Verso gets $1.2M tax incentive for move to Dayton, Ohio

Verso Corp. has received a tax incentive to pave the way for its move to Dayton.

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Verso Introduces Ideal TrueJet
Verso Introduces Ideal TrueJet

Verso Corporation, a producer of digital printing papers, introduced Ideal TrueJet, a specialized line of uncoated inkjet roll papers for commercial printers and document centers with high-speed inkjet printers.

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Verso Corporation Names B. Christopher DiSantis as CEO
Verso Corporation Names B. Christopher DiSantis as CEO

Verso Corporation announced that B. Christopher DiSantis will become the chief executive officer and a director of Verso effective as of February 1, 2017.

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Industry and Union Call Five Year Extension of Existing Duties on Coated Freesheet Paper Imports from China and Indonesia
Industry and Union Call Five Year Extension of Existing Duties on Coated Freesheet Paper Imports from China and Indonesia "Important Step to Ensuring

Verso Corporation, Sappi North America and Appleton Coated LLC, together with the United Steelworkers (USW), welcomed the extension of duties on imports of certain coated paper from China and Indonesia as an important step to ensure continuing fair market conditions for the domestic market.

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Verso restructures, puts Jay, Maine mill in specialty paper division
Verso restructures, puts Jay, Maine mill in specialty paper division

Verso Corp., which operates a mill in Jay, is consolidating its administrative offices and restructuring the paper company into two divisions as it continues to seek ways to trim costs.

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Duluth, Minn. caps electric franchise fee, saving Verso $390,000
Duluth, Minn. caps electric franchise fee, saving Verso $390,000

Heeding concerns that a proposed franchise fee could jeopardize the future of Verso Corp.'s paper mill in West Duluth and the 260 jobs it provides, city councilors unanimously voted Monday night to roll back the fee the company could have seen tacked onto its mammoth electric bill.

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Verso paper mill in Jay, Maine  to lay off 190 workers
Verso paper mill in Jay, Maine to lay off 190 workers

The company said Tuesday that the Androscoggin Mill will temporarily idle the No. 3 paper machine, "reducing annual coated paper production capacity by approximately 200,000 tons."

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Maine paper mills to get bulk of $3M in aid from carbon auction cash
Maine paper mills to get bulk of $3M in aid from carbon auction cash

Maine paper makers will get more than half of a new $3 million fund to give special energy cost rebates to large Maine manufacturers connected to the New England power grid.

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Duluth, Minn. to modify electric fee to help paper mill
Duluth, Minn. to modify electric fee to help paper mill

Duluth Mayor Emily Larson announced Tuesday that her administration will ask the City Council next week to amend its ordinance which raises the city's electric utility franchise fee from 1 percent to 3 percent starting next year, bending to the complaints from the Verso paper mill that said the higher fee could force its closure.

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Verso paper mill workers in Minnesota ask West Duluth council to reconsider electric franchise fee
Verso paper mill workers in Minnesota ask West Duluth council to reconsider electric franchise fee

Employees of the Verso Paper Co. in West Duluth again implored city council members Monday night to reconsider their decision last month to triple a local electric franchise fee it charges.

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University of Kentucky releases white paper on impact of Verso paper mill closure
University of Kentucky releases white paper on impact of Verso paper mill closure

The University of Kentucky's Department of Forestry has released a white paper detailing the economic impact of the potential closure of the Verso paper mill in Ballard County.

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NOREXECO launches derivatives exchange platform for the pulp and paper industry
NOREXECO launches derivatives exchange platform for the pulp and paper industry

For the first time in history, investors and industry players have a dedicated exchange to facilitate trade in forestry and paper products including pulp, recycled fiber and wood.

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Week of 20 January 14: An industry not lacking in surprises
Week of 20 January 14: An industry not lacking in surprises

Having spent the last forty years in pulp and paper, I’ll be the first to tell you the pulp and paper industry has been a surprise a minute. The most recent surprise has been the announcement that Verso is planning to acquire NewPage and what that has done to the PM40...

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