IP Mills Now Verso Paper; Who's Verso Paper?

17 posts / 0 new
Last post
Editor
Offline
Last seen: 4 years 7 months ago
Joined: 04/18/2009 - 3:43pm
IP Mills Now Verso Paper; Who's Verso Paper?

[i]Get on your Sleuth Hats! Who is Verso Paper Holding LLC?[/i]

IP to be Verso Paper
By Jami Badershall, Staff Writer
Thursday, July 13,2006

JAY - The four mills being sold by International Paper in Jay, Bucksport, Michigan and Minnesota will operate under the name of Verso Paper Holdings LLC.

[N]o closing date on the sale of IP has been set. [T]he company did not want to release the new name to the public until the deal was closed, "but for legal reasons, it had to be disclosed."

Brokers on Wall Street are already using the [new] name....

FLAMMENWERFER
Offline
Last seen: 1 year 11 months ago
Joined: 03/27/2005 - 1:01am
IP Mills Now Verso Paper; Who's Verso Paper?

The company is unknown to me, but let it be known that the verso page in a manuscript is the LEFT hand page. A fearful portent.

rklindell
Offline
Last seen: 4 years 5 months ago
Joined: 08/05/2003 - 12:01am
IP Mills Now Verso Paper; Who's Verso Paper?

This is a consortium of private investors.

Roger Ek
Offline
Last seen: 1 week 3 days ago
Joined: 11/18/2002 - 1:01am
IP Mills Now Verso Paper; Who's Verso Paper?

They appear to be a new holding company that chose its name from an old printing and paper term. "Verso" is the back side of a printed page.

FLAMMENWERFER
Offline
Last seen: 1 year 11 months ago
Joined: 03/27/2005 - 1:01am
IP Mills Now Verso Paper; Who's Verso Paper?

Verso is also the back side of the printed page, or the back of a book. But beware of the Vast Left Wing Conspiracy

Editor
Offline
Last seen: 4 years 7 months ago
Joined: 04/18/2009 - 3:43pm
IP Mills Now Verso Paper; Who's Verso Paper?

lsj.com

Verso Paper Corp. plans IPO on stock

Friday, December 21, 2007

JAY (AP) - Verso Paper Corp., which operates four mills in Maine, Michigan and Minnesota, plans an initial public offering of common stock.

The Tennessee-based company's filing with SEC indicated the offering price may total up to $345 million.

The company plans to use the net proceeds from the IPO to repay debt and for general corporate purposes, which include expanding production capabilities, buying capital equipment and making potential acquisitions.

http://www.sunjournal.com/index.php?t=3&storyid=244131

Editor
Offline
Last seen: 4 years 7 months ago
Joined: 04/18/2009 - 3:43pm
IP Mills Now Verso Paper; Who's Verso Paper?

Verso to temporarily suspend Maine mill
Memphis Business Journal
7/25/08

Verso Paper Corp. announced Friday that it will close its Bucksport, Maine mill for two weeks to maintain demand.

The suspension will begin on Sept. 8 and result in the loss of more than 13,000 tons of coated groundwood production, Verso officials said.

[url=http://www.bizjournals.com/memphis/stories/2008/07/21/daily45.html]sourc...

angler.k
Offline
Last seen: 6 years 7 months ago
Joined: 02/11/2006 - 1:19pm
IP Mills Now Verso Paper; Who's Verso Paper?

IMO. Investing in a Maine paper mill is risky at best. (Perhaps "the state" will pick up a few shares....)

rklindell
Offline
Last seen: 4 years 5 months ago
Joined: 08/05/2003 - 12:01am
IP Mills Now Verso Paper; Who's Verso Paper?

[quote="Editor"] Verso Paper Corp. announced Friday that it will close its Bucksport, Maine mill for two weeks to maintain demand.[/quote]

How does reducing supply effect demand? Somebody needs to review Econ. 101...

Editor
Offline
Last seen: 4 years 7 months ago
Joined: 04/18/2009 - 3:43pm
IP Mills Now Verso Paper; Who's Verso Paper?

rklindell -

Agreed. Verso's thinking seems to be: If we stop making product to sell our customers will want it all the more.

skf

Jon Reisman
Offline
Last seen: 2 years 5 months ago
Joined: 08/23/1999 - 12:01am
IP Mills Now Verso Paper; Who's Verso Paper?

I think Verso may be selling carbon credits soon.

bogeys
Offline
Last seen: 4 years 8 months ago
Joined: 12/24/2003 - 1:01am
IP Mills Now Verso Paper; Who's Verso Paper?

They have too much inventory on hand which is why they are curtailing production for those two weeks.

realrepublican
Offline
Last seen: 1 month 2 weeks ago
Joined: 01/04/2006 - 7:49pm
Were I work we make spiral cores for Maine's paper mills

The rumor we are hearing is they will not shut down because the town has threatened to fine them millions of dollars because of energy they buy off the mill .
I have no idea however that is what some workers there have told our truck drivers .

( wow the collins ad is on tv right now :oops: she makes me sick to my stomach ! )

Editor
Offline
Last seen: 4 years 7 months ago
Joined: 04/18/2009 - 3:43pm
IP Mills Now Verso Paper; Who's Verso Paper?

www.dailybulldog.com
Mill meeting held at Verso Paper
By admin • Oct 23rd, 2008 • Category: Business

“Dick Jackson, mill manager at the Androscoggin Mill, delivered an enthusiastic presentation on the Verso Paper organization and the vitality of the Androscoggin Mill. In addition to Verso mill employees/UMaine alumni, there were many Fortune 500 company members in attendance. This supports the fact the Maine paper industry is the economic engine of the state and Maine continues to firmly hold its place as the second largest paper-producing state in the nation,” said John Wolanski.

http://www.dailybulldog.com/db/?p=811

Editor
Offline
Last seen: 4 years 7 months ago
Joined: 04/18/2009 - 3:43pm
IP Mills Now Verso Paper; Who's Verso Paper?

lsj.com
Bucksport mill to shut down machine

Tuesday, November 4, 2008

BUCKSPORT (AP) - Verso Paper is shutting down one of its four papermaking machines at its mill in Bucksport for the month of November.

Citing economic conditions, the mill will shut down its No. 2 machine beginning Monday.

Spokesman Bill Cohen said he's not sure how many employees will be affected by the shutdown...

http://www.sunjournal.com/index.php?t=3&storyid=290143

Editor
Offline
Last seen: 4 years 7 months ago
Joined: 04/18/2009 - 3:43pm
IP Mills Now Verso Paper; Who's Verso Paper?

lsj.com
Verso Analyzing Market, Production

By Donna M. Perry , Staff Writer
Tuesday, February 24, 2009

JAY - Verso Paper is analyzing its market and its production to figure out the company's next move in the global economic recession.

A decision has not been made on what will happen next, but it is "highly likely" that there will be additional downtime at the Androscoggin Mill in Jay and the Bucksport Mill in Bucksport, company spokesman Bill Cohen said Monday.

If there is downtime, it isn't known how long it will last, he said.

http://www.sunjournal.com/index.php?t=3&storyid=304960

realrepublican
Offline
Last seen: 1 month 2 weeks ago
Joined: 01/04/2006 - 7:49pm
we supply all the states mills

with cores and today learned next month is going to be much worse , almost every mill has major downtime coming .
More lay offs to come . :(

Log in to post comments