News: verso paper news

Within the automotive division (85% of revenues), the company focuses... Im Minus liegt gegenwärtig die Hengan Group-Aktie . “Decisions to idle facilities are always difficult because they impact employees, their families and communities,” St. John said. As a result, the company will lay off about 1,000 employees between the two mills, including the majority of the roughly 915 employees who work in Wisconsin Rapids. “A full shutdown has never happened in the history of this mill, dating back to 1904.

Das Papier weist... WASHINGTON (dpa-AFX) - International Paper (IP) announced earnings for third quarter that decreased from last year.The company's earnings came in at $204 million, or $0.52 per share. Für Inhaber der Hengan Group ist der heutige Handelstag bisher nicht sonderlich gut verlaufen. or, All content © 2000 - 2020, WAOW Television, Inc. All rights reserved. The mill, once owned by Ohio-based Verso Corp., was sold to Pixelle Specialty Solutions LLC, a paper manufacturer based in Pennsylvania, in February for $400 million. The sell through of inventory is expected to offset the cash costs of idling the mills.". State Sen. Patrick Testin, R-Stevens Point, said he reached out to the Wisconsin Department of Workforce Development to talk about what can be done, and he intends to do all he can at state and local levels to make sure the community and families that are directly affected recover as quickly as possible. As the Verso mill in Wisconsin Rapids stands indefinitely idled and the community waits for news about its future, Verso’s president and CEO has stepped down. Growing up in Wisconsin Rapids my heart hurts today like it never has before, it is now my mission to provide as much opportunity as possible for these families to remain and thrive in Wisconsin Rapids.”. Paper, pulp, and forestry work is a vital part of our community's history, spawning the charming, resilient community we know today; and this news is certain to have a profound impact on our community. OTHER NEWS: Pixelle Specialty Solutions to buy Verso paper mill in Stevens Point. “Businesses big and small have been decimated from decreased demand and forced shutdowns and today, Verso in Wisconsin Rapids took the latest hit,” Krug said. The former Verso Paper mill located in Jay, Maine, exploded on Wednesday, April 15, at around noon local time.Photos and videos of the explosion were … The Wisconsin Rapids Mill employs around 900, and according to Verso, "a majority of the employees will be laid off." Options include restarting the mills if market conditions improve, selling the mills or closing them permanently. Verso will continue packaging papers and pulp and will continue supplying graphic and specialty papers in roll and sheet form. "Decisions to idle facilities are always difficult because they impact employees, their families, and communities," said St. John in the release.

1908 Grand Avenue Verso is a Tennessee-based company that bought the Stevens Point and Wisconsin Rapids mills from NewPage Corp. in 2014 as part of a $1.4 billion deal. “I commit to furthering Senator Testin’s and Representative Krug’s efforts to support the affected employees and our community in this difficult transition.”. Growing up in Wisconsin Rapids, my heart hurts today like it never has before. Today, the impossible became reality.

The Wisconsin Paper Council has also made a statement. Pixelle Specialty Solutions to buy Verso paper mill in Stevens Point, Your California Privacy Rights / Privacy Policy. This is a city that overcomes challenges – and I’m going to do all that I can at the state and local levels to ensure that the community and the families that are directly affected recover from this as quickly as possible. Amidst a pandemic and now economic recession, this will be an increasingly tough time for Wisconsinites, but my office and I are standing by, ready to assist all those who are impacted and ensure they get the help they need. Wisconsin Economic Development Corp. Secretary and CEO Missy Hughes said state officials are disappointed by the news and that it comes at a particularly difficult time for employees, the central Wisconsin region and the state. Wisconsin Rapids, Wis. (WAOW) -- Verso Corporation announced Monday that it will be closing it's Wisconsin Rapids paper mill indefinitely. Verso plans to idle the Duluth mill by the end of June and the Wisconsin Rapids mill by the end of July, according to the company.

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