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Forest products

Jay mill owner, Verso, emerges from bankruptcy

Staff |

Verso Corp., the Memphis, Tenn.-based owner of the Jay paper mill, has emerged from Chapter 11 bankruptcy after significantly reducing its debt.

Switch to in-house machinery creates six jobs at Augusta printer

Six new jobs will be coming to J.S. McCarthy Printers when a new paper-cutting machine is installed at the Augusta-based commercial printer’s facility at 15 Darin Drive.

Global demand spurs growth in new forest product sectors

James McCarthy |

James Chittum sees a tremendous opportunity for Maine companies that make products using renewable biobased resources from forest, farm and sea instead of petroleum-based compounds such as...

Federal team established to aid struggling forest product industry

Staff |

On Thursday, the U.S. Department of Commerce announced that it would establish an integrated, multi-agency Economic Development Assessment Team to assist Maine's forest product industry following the...

Cascades' Auburn pulp mill closing, laying off 45

Staff |

Cascades Inc., the Quebec-based paper manufacturer of packaging and tissue products made primarily from recycled paper, will be closing a de-inked pulp mill in Auburn on July 15, laying off 45...

Paper machine shutdown leads to expected layoffs

Staff |

Forty-nine workers at a Twin Rivers Paper Co. paper mill in Madawaska are expected to be laid off following the shutting down of a paper machine in July as part of a $12 million investment that will...

King supports incentives for alternative forest product R&D

Kevin Steeves |

U.S. Sen. Angus King on Wednesday put his support behind the Timber Innovation Act, bipartisan legislation that supports the acceleration of research and development of wood use in the construction...

Mumbai-based papermaker eyes possible Catalyst Paper acquisition

Staff |

A group of investors that hold a majority stake in Catalyst Paper Corp., the Canadian-based owner of the Rumford Catalyst Paper Holdings mill, have agreed to a possible acquisition of the company by...

Production ceases at Madison mill after nearly four decades

Saturday marked the official end of production at the Madison Paper Industries mill, leaving nearly 214 employees without work, while a small number of maintenance workers will be retained at the...

Jay paper mill owner reports $110M operating loss

Staff |

In its first quarter earnings report released on Monday, Verso Corp., the Memphis, Tenn.-based owner of the Jay paper mill, posted an $88 million net loss and a $110 million operating loss, close to...