BUCKSPORT – An unidentified truck driver was hospitalized with injuries believed to be non-life threatening after his tanker carrying several thousand gallons of clay slurry collided with a freight train at the Verso paper mill on Saturday, a company spokesman said. The train was moving at a slow speed away from the mill when the […]
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Posted inFranklin, The Franklin Journal
Experts visit Verso paper mill in Jay for tax revaluation
JAY — A team of experts was at Verso Paper Corp.’s mill Tuesday to begin working on the town’s revaluation of the paper mill and associated properties, Town Manager Shiloh LaFreniere said Tuesday. Verso Androscoggin LLC requested a tax abatement in February for $469 million in valuation for 2013. The town values the mill and […]
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Posted inFranklin, The Franklin Journal
Jay residents vote to transfer $125,000 for valuation experts
JAY — Residents voted Monday to transfer $125,000 from the undesignated fund to the industrial valuation account. It will be used to determine the valuation of Verso Paper Corp.’s paper mill and property, and for legal fees that will be incurred, Town Manager Ruth Cushman said. Ten voters, including five selectpersons, attended the special town […]
Posted inBusiness, Franklin
Verso to shut down Bucksport Mill for 2 weeks; Jay not affected
Verso Paper Corp. will temporarily shut down its Bucksport Paper Mill for two weeks beginning Thursday due to the high cost of natural gas and not enough paper orders, Bucksport Mill spokesman William Cohen said Monday. There are no plans to idle Verso Paper’s Androscoggin Mill in Jay, spokeswoman for that mill, Cherilee Budrick, said […]
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, 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 inFranklin, sj-web
Firefighters extinguish pipe fire at paper mill
JAY — About 40 firefighters from three towns responded to a fire at Verso Paper Corp.’s Androscoggin Mill at 5:30 p.m. on Sunday. Verso’s fire brigade fought the fire before they arrived. The fire was in an insulated gas pipe outside of the paper mill between the power house and the pulp mill, Jay Assistant […]
Posted inMaine, sj-web
Enrollment at Maine universities projected at 31K
BANGOR (AP) — Fall enrollment at Maine’s universities and community colleges is expected to be about the same as last fall. Classes begin Tuesday at the state’s seven universities and two of the community colleges. Classes at the other five community colleges began last Monday. University of Maine System officials expect about 31,000 students this […]