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 […]
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Posted inMaine, sj-web
Boiler explosion shuts down Lincoln mill; cause under investigation
LINCOLN — A smelt water explosion in a chemical recovery boiler at Lincoln Paper and Tissue LLC on Saturday shook neighborhood houses and forced the mill to shut down temporarily. No injuries were reported, officials said. The explosion occurred at the Katahdin Avenue mill’s recovery boiler, which is used to burn or recycle leftover chemicals […]
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Posted inMaine, sj-web
Verso Paper trying to keep its stock on New York Stock Exchange
PORTLAND — Verso Paper Corp., which operates two paper mills in Maine, is trying to save itself from being delisted from the New York Stock Exchange. The NYSE on June 25 said it had commenced proceedings to delist Verso’s common stock, traded under the ticker symbol VRS, because the company’s market capitalization — the market […]