RUMFORD — The NewPage paper mill in Rumford was the state’s largest producer of toxic waste in 2012, according to the U.S. Environmental Protection Agency. The agency’s Toxic Release Inventory analysis showed that 88 facilities in Maine released about about 11½ million pounds of toxic waste directly into the air, water and land in 2012, an […]
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Posted inBusiness, sj-web
Proposed Verso, NewPage merger changes game in Maine paper industry
The proposed merger of Verso Paper and NewPage Holdings, announced on Jan. 6, sent shockwaves through the local and global paper industries. Verso’s stock shot up more than 570 percent, analysts started chattering about implications for the global paper market, and millworkers in Maine expressed hope the deal would improve circumstances for the more than […]
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Posted inAdvertiser Democrat, River Valley
Mill electrician to reboot self-run business following NewPage layoffs
RUMFORD — Five years ago, Stephen Cureton of Rumford and Jim Gilbert of Wilton were among the 130 hourly and salaried paper mill employees laid off from the NewPage paper mill. Upon learning they were losing their jobs, Cureton and Gilbert took the skills they had used at NewPage during their years of employment and […]
Posted inFranklin
Sale of NewPage gives hope to workers, industry
The announcement of the sale of NewPage Holdings Inc. to Verso Paper on Monday has given people in the industry and associated parties hope that a stronger paper company will emerge. Verso Paper plans to buy NewPage’s seven mills in the United States, including the Rumford mill, for $1.4 billion. The deal, subject to regulatory […]
Posted inBusiness, Franklin, River Valley
Verso to buy NewPage mills, property
Verso Paper Corp. plans to buy Ohio-based NewPage Holdings Inc. for $1.4 billion in an effort to create a stronger, more globally competitive coated-paper-based business to serve customers, the two companies announced in a news release Monday. NewPage has seven paper mills in the United States, including one in Rumford. The Tennessee-based Verso has four […]
Posted inBusiness, sj-web
Verso to purchase New Page for $1.4 billion
UPDATE: More information on the sale Verso Paper Corp. announced Monday that it has entered an agreement to purchase New Page Holdings Inc. Verso said the transaction is valued at $1.4 billion. Upon completion of the deal, the combined company will have 11 facilities in six states and sales of approximately $4.5 billion. Verso, a […]
Posted inRiver Valley
NewPage shutting down paper machine, laying off workers
RUMFORD — NewPage said Tuesday it would shut down a paper machine “indefinitely” at the local mill in mid-February because of tough economic conditions. About 120 workers would be laid off, Local 900 President Ron Hemingway said. The mill employs 830 people. Mill spokesman Anthony Lyons said the employees were informed Tuesday morning of the […]
Posted inBusiness, River Valley, sj-web
NewPage to shut down No. 12 paper machine in Rumford
UPDATE: Union: 120 NewPage workers could lose job in Rumford RUMFORD — NewPage on Tuesday said it would “indefinitely” stop operation of one of the paper machines at its Rumford paper mill by mid-February because of tough economic conditions. The exact timing of the shutdown and the number of employees affected have not been determined, according […]
Posted inRiver Valley
Residents explain defeat of municipal budget
RUMFORD — Following Tuesday’s defeat of the municipal budget for the third time, residents expressed concerns that it may be too big for a town with less than 6,000 residents. “When Rumford’s budget is $7 million and every town with the same population has half that, we want to know where the money is going,” […]