Browse by

Verso Paper mill’s valuation could sink by $220M

The valuation of the Verso Paper mill in Jay could drop by more than $220 million, based on the most recent estimate by town officials as they raised property taxes by...

BIW's potential $100M contract 'an important win'

Bath Iron Works has landed a contract potentially worth more than $100 million if the U.S. Navy exercises all options for planning yard services in BIW’s littoral combat ship...

Police ID contractor killed in Rumford mill accident

A Newport contractor who was killed in an accident Monday at the NewPage paper mill in Rumford has been identified by local police.

LePage: GNP needs financial partner to restart mill

Gov. Paul LePage said the state is helping Great Northern Paper Co. find a financial partner that it will need to restart its East Millinocket mill, but his "patience is...

Union workers at Waterville plant continue without contract

Union workers at Huhtamaki North America’s paper goods factory in Waterville said they have yet to reach a "contract agreement with their employer after two years of...

Ex-investor of Old Town mill found guilty of embezzlement

A founding partner of an investment firm that bought the Old Town mill and later filed for bankruptcy has been found guilty of embezzlement in a separate incident.

Verso posts $43M loss for Q2 ahead of planned merger

Verso Paper, the Memphis-based company that employs around 1,450 workers at two mills in Maine, posted a $43 million loss for its second quarter, though it remains optimistic about...

Old Town mill suspends operations 'indefinitely,' lays off 180

Old Town Fuel and Fiber, a wood pulp manufacturer, on Wednesday suspended operations "indefinitely" and laid off 180 of its 195 employees.

Poland Spring faces lawsuit from competitor

Maine Springs, a Poland-based bottled water business, has filed a lawsuit against the parent company of the Poland Spring brand of bottled water, accusing it of false...

Madison paper mill value plunges by $150M

The value of the Madison Paper Industries mill is set to decrease by nearly $150 million, which is expected to cause an approximately 30% tax hike for local property...