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PublishedMarch 8, 2018
Verso posts $30 million loss for 2017 as it invests in Jay mill
The paper company projects stronger sales and more production of specialty paper in 2018.
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PublishedMarch 6, 2018
Irish packaging giant rebuffs International Paper’s takeover bid
The attempted acquisition of Smurfit Kappa Group comes as online shopping increases demand for cardboard boxes.
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PublishedJanuary 31, 2018
Shuttered Old Town mill sold, to be redeveloped for forest-products tenants
The former pulp mill has been the site of a string of failures, but its assets and potential continue to attract entrepreneurs.
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PublishedDecember 24, 2017
UMaine’s Old Town mill project will ensnare taxpayers, companies warn
Two that lost a bid to create renewable energy at a vacant paper mill file appeals, saying ConEdison Solutions hasn't outlined the cost of a venture likely to exceed $100 million.
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PublishedSeptember 24, 2017
Despite setbacks and questions, a company pursues new multimillion-dollar markets for Maine wood
Maine Woods Biomass Exports is shipping hemlock to China, hoping an undervalued species can create opportunities for Maine's hard-pressed forest products industry.
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PublishedMarch 1, 2017
Potential buyer gets court order limiting demolition at East Millinocket mill site
The company plans to buy the property for a biofuel refinery, but says the owner is ignoring their deal and doing demolition that endangers some of the buildings the company wants to use.
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PublishedNovember 14, 2016
Verso restructures, puts Jay mill in specialty paper division
The paper company said it expects to save 10 percent in overhead costs from consolidating corporate offices and realigning into two paper divisions.
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PublishedNovember 11, 2016
Twin Rivers in Madawaska to acquire paper division of New York company
The Maine company expects to maintain the four Burrows mills, which employ about 200 people.
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PublishedSeptember 15, 2016
Lawsuit charges directors got money from settlement at expense of Lincoln mill
A bankruptcy court filing says that the company started losing money after a boiler explosion, and that three board members pocketed large sums from an insurance payment rather than fix the equipment.
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PublishedAugust 10, 2016
Verso Corp. forms new executive team
Top management now includes a graduate of Maine Maritime Academy, Adam St. John.
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