RUMFORD — Catalyst Paper announced plans Friday to sell the Rumford paper mill and a mill in Wisconsin to a subsidiary of Nine Dragons Paper of Hong Kong for $175 million. An operations center in Dayton, Ohio, is also included in the sales agreement. Nine Dragons Paper is the largest containerboard producer in China and the mills […]
paper mills
Posted inBusiness, sj-web
Federal judge reviews NewPage, Verso merger
PORTLAND — Since merging with NewPage, Verso Paper Corp. has announcedlayoffs of 610 people, including 300 at its Jay mill. Meanwhile, the mill in Rumford that Verso sold to Catalyst Paper laid off 50 workers. Attorneys representing those laid-off or soon-to-be-laid-off workers made their case before a federal judge Monday afternoon that the closures are […]
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Posted inMaine
Millinocket files tax lien on GNP property, including paper machine up for auction
MILLINOCKET — The town has filed a lien against the company that owns a local paper mill seeking $2.24 million in delinquent property taxes, a move that could affect the company’s plan to auction off the shuttered facility’s only remaining paper machine, an official said Tuesday. The Uniform Commercial Code lien, filed with the Maine […]
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 […]