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Posted inBusiness, sj-web

Bucksport wrestles with what to do next

BUCKSPORT — While there are many questions and few solid answers now swirling about the future of the Verso paper mill and the 500-plus people employed there, lots of folks in Bucksport can agree that their community is at a crossroads. Many vacant storefronts dotted the business block of Bucksport long before last week’s announcement […]

Posted inBusiness, Maine

Cutler: Maine should buy Verso’s Bucksport energy plant if new paper mill operator not found

PORTLAND — Eliot Cutler has called and written to the CEO of Memphis-based Verso Paper, asking the company to sell its Bucksport mill to a buyer that would continue to make paper there. If not, the independent gubernatorial candidate said that as governor he would promote a plan to have the state buy Verso’s energy […]

Posted inMaine, sj-web

Cutler says state should buy Verso’s energy plant at Bucksport

PORTLAND, Maine — Eliot Cutler has called and written to the CEO of Memphis-based Verso Paper, asking for the company to sell its Bucksport mill to a buyer that would continue to make paper there. If not, the independent gubernatorial candidate said that as governor he would promote the state purchasing the energy assets to […]

Posted inBusiness, Maine, sj-web

Verso mill in Bucksport to close by year’s end; 570 employees to lose jobs

UPDATE: Jay, Livermore Falls managers sympathize with Bucksport mill workers, community BUCKSPORT — In an announcement that caught many people off guard, Verso Paper officials indicated Wednesday afternoon the local mill will shut down by the end of this year, laying off about 570 employees. Verso president and CEO Dave Paterson said in a statement the […]

Posted inAdvertiser Democrat, Business, The Franklin Journal

Verso CEO says NewPage acquisition still on track

PORTLAND — Verso Paper’s chief executive said his company’s bid to acquire NewPage, the country’s largest coated paper producer, is on track after taking steps to restructure the company’s debt. Verso owns mills in Jay and Bucksport that employ roughly 1,450 people. NewPage owns a mill in Rumford that employs 850 people. More than half […]