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.
Appleton Coated is in the process of being sold to Industrial Assets, a used machinery dealer based in Los Angeles, and that pending sale raised objections from government officials alarmed at the potential loss of more than 600 jobs.
The Shareholders' Committee of Voith Management GmbH has decided about the succession of Dr. Hubert Lienhard, long-standing President and CEO of the Management Board. Stephan Schaller, currently member of Voith Shareholders' Committee and head of the global motorcycle division of BMW Group, has been appointed as successor.
Anthony Pratt has revealed his US company will build its next American box plant in the greater San Francisco area, and may spend up to $US500 million ($624.3m) on a new US paper mill as part of his pledge to spend $US2 billion in the world's biggest economy.
Stora Enso announced in February plans to permanently close down one paper machine 8 (PM8) and related reorganisation at the Kvarnsveden Mill in Sweden that could affect a maximum of 140 people at the mill.
Chilean forestry company Arauco, a subsidiary of industrial conglomerate Empresas Copec SA, will invest $185 million to build a new cellulose and textile pulp facility in the nation's south, the company said on Wednesday.
DowDuPont, formed through the merger of chemical giants Dow Chemical and DuPont, is shifting some operations in the three units it plans to create, potentially averting a prolonged fight with activist investors over its post-merger plans.