Three board members nominated by an investment group could pave the way for a merger with another paper company, the company’s board of directors warns shareholders.
paper industry
Posted inBusiness
Verso proposes new board leadership to fend off investor coup
The corporate maneuvering does not appear to pose a threat to Verso’s pending sale of the Androscoggin Mill in Jay.
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Posted inEditorials, Opinion
Our View: New forest products put Maine on right track
Wood fiber insulation and bridge supports are restoring jobs that were lost to declines in the paper industry.
Posted inBusiness, Local & State, News
Maine paper industry gets a boost, with Jay mill in line for investment of millions
Verso Corp. plans to add products and increase production at its Androscoggin Mill in Jay, where about 500 people work.
Posted inLocal & State, Morning Sentinel, News
State rules Madison doesn’t have to pay $1 million tax abatement to former mill
Madison Paper Industries has 30 days to appeal the decision, but its lawyer, Jonathan A. Block, has not received indication of the company’s plans to do so as of Monday afternoon.
Posted inBusiness, Local & State
Old Town mill hires workers, plans to reopen in August
The mill has hired 130 workers out of more than 1,000 applicants as it gears up to begin producing pulp next month.
Posted inBusiness, Local & State, News
Major upgrade of 75 miles of rail will serve Maine’s resurgent paper industry
Pan Am Railways is matching a $17.5 million federal grant in the $35.5 million project to upgrade its main line in southern and central Maine.
Posted inBusiness, Local & State, News, Politics
Maine’s styrofoam ban met with mixed response from Waterville-area businesses
The law, effective Jan. 2021, could increase prices, but it brings a sense of job security to over 500 employees at the Huhtamaki paper products plant.
Posted inBusiness, Local & State, News
Finland’s ‘bioeconomy’ could provide roadmap for Maine
Finland’s top forestry official paints a picture of her country’s push to develop a sustainable advanced economy with a natural resource mix that mirrors Maine’s own.
Posted inBusiness, Local & State, News
Belfast company plans to buy former Madison paper mill for insulation production, employing 110
GO Lab Inc. plans to employ more than 100 people at the former Madison Paper Industries mill, which shuttered three years ago.