verso paper news

The department has not yet received a Worker Adjustment and Retraining Notification notice from Verso. Paper, pulp, and forestry work is a vital part of our community's history, spawning the charming, resilient community we know today; and this news is certain to have a profound impact on our community. Today, we see another horrendous side effect from this outbreak. "It is critical that we maintain a healthy balance sheet and focus on cash flow, while balancing our supply of products and our customers' demand," said President and Chief Executive Officer Adam St. John, in a news release. State Representative Scott Krug's statement: “COVID-19 has impacted our lives more than we could have ever imagined. The mill, once owned by Ohio-based Verso Corp., was sold to Pixelle Specialty Solutions LLC, a paper manufacturer based in Pennsylvania, in February for $400 million. Our trade association is committed to doing all we can to provide support to the thousands of employees and community members who have been adversely impacted by this difficult situation.". Machines suggest Gmail replies, Portage police: Child, 2, apparently shot self in leg, 2020 Latest: Trump wins 4 of 5 Nebraska votes; Biden gets 1, 2020 presidential election: Final results from across the country. Retail, sports, entertainment and tourism industries reduced their use of print advertising during safer at home orders. Verso plans to idle the Duluth mill by the end of June and the Wisconsin Rapids mill by the end of July, according to the company. State Sen. Patrick Testin, R-Stevens Point, said he reached out to the Wisconsin Department of Workforce Development to talk about what can be done, and he intends to do all he can at state and local levels to make sure the community and families that are directly affected recover as quickly as possible. Four Wisconsin Rapids leaders have made statements on Verso closing the paper mill: State Representative Scott Krug, Senator Patrick Testin, Wisconsin Rapids Mayor Shane Blaser and Rep. Ron Kind. © 2020 As the local chamber of commerce, we will aid in any way possible to provide resources and opportunities to those affected.”. Die Aktie kostete zuletzt 5,90 Euro. Growing up in Wisconsin Rapids, my heart hurts today like it never has before. THE PRE-DIVIDEND/INTEREST DAY OF THE FOLLOWING SHARES WILL BE 11.06.2020. Verso sold its Stevens Point mill to Pixelle Specialty Solutions in February.

The price included the sale of another mill in Wisconsin.

Wausau, WI 54403 "After a comprehensive review of post-pandemic demand forecasts and capacity, we made the difficult decision to idle the Duluth and Wisconsin Rapids mills. The two closures will result in the layoff of approximately 1,000 employees. Das Papier notiert aktuell bei 28,53 US-Dollar. Verso will continue packaging papers and pulp and will continue supplying graphic and specialty papers in roll and sheet form. Wie bewerten Sie die aktuell angezeigte Seite? Pixelle Specialty Solutions to buy Verso paper mill in Stevens Point, Your California Privacy Rights / Privacy Policy. |, WATCH DAILY HERE: ABC Special Reports on COVID-19, Ford recalls big pickups; tailgates can open unexpectedly, Useful or creepy? According to the press release, Verso is going to explore "viable and sustainable alternatives" for the paper mill, including restarting if market conditions improve, selling, or closing permanently. Auf den Spuren von BYD und Co. METSA BOARD OYJ: Metsä Board's comparable operating result in January-September 2020 was EUR 157 million, Svenska Cellulosa Aktiebolaget SCA (publ) (SVCBF) CEO Ulf Larsson on Q3 2020 Results - Earnings Call Transcript, UPM meldet leichte Erholung im Papiergeschäft, Kimberly-Clark Is Reasonably Priced Again, The Navigator Company S.A. informs on the sole item on the agenda of the Extraordinary Meeting of November 24, 2020, West Fraser Timber's 3Q sales increased by 32%, XFRA DIVIDEND/INTEREST INFORMATION - 12.06.2020 - 3, Weyerhaeuser-Aktie heute gut behauptet: Aktienwert steigt, Wellpappe: Smurfit Kappa baut Standort Brühl aus, Packaging Corporation of America Q3 adjusted earnings Beat Estimates, Technavio Research: Corrugated Box Market 2020-2024 | Amcor Plc, BillerudKorsnas AB, and DS Smith Plc to be Key Vendors | Technavio, Mayr-Melnhof: Sozialplan für Mitarbeiter in Hirschwang steht, Delignit - Ecological hardwood-based products, International Paper Q3 adjusted earnings Beat Estimates, Impressum | AGB | Disclaimer | Datenschutz. The company filed for bankruptcy protection in early 2016 but announced in July 2018 the owner had wiped away billions of dollars of debt and was out of bankruptcy and had successfully reorganized. Das Papier weist... WASHINGTON (dpa-AFX) - International Paper (IP) announced earnings for third quarter that decreased from last year.The company's earnings came in at $204 million, or $0.52 per share. “Our trade association is committed to doing all we can to provide support to the thousands of employees and community members who have been adversely impacted by this difficult situation.”. As always, safety is our highest priority and will be our primary focus during this difficult time.". Grande West bereitet sich auf Auftragsflut vor!

Die im September angekündigte Einstellung der Kartondivision am Standort habe sich leider nicht mehr verhindern... Delignit manufactures ecological materials, mostly based on European hardwood, which makes them CO2 neutral in their lifecycle. Today, the impossible became reality. According to Verso's website, the Wisconsin Rapids mill started out as Consolidated Water Power Company in the 1890s and began making paper in 1904 as Consolidated Water Power & Paper Company.

Wisconsin Paper Council statement: "Verso Corporation’s decision to idle its paper mills in Wisconsin and Minnesota is disappointing news for our entire industry. State Rep. Scott Krug, R-Nekoosa, called the shutdown a “horrendous side effect from the outbreak” in a statement to media Tuesday morning. Today, the impossible became a reality. I have already reached out to Secretary Caleb Frostman at the Wisconsin Department of Workforce Development to talk about what can be done. My heart goes out to the workers, their families, and their communities who are all dealing with this new uncertainty in an even more uncertain world. Growing up in Wisconsin Rapids my heart hurts today like it never has before, it is now my mission to provide as much opportunity as possible for these families to remain and thrive in Wisconsin Rapids.”. The Wisconsin Paper Council released a statement Tuesday morning, calling Verso’s decision to idle both mills disappointing news for the entire paper industry. A full shutdown has never happened in the history of this mill, dating back to 1904. Whitehead said the chamber is working with the North Central Wisconsin Workforce Development Board and other partners on a plan to assist Verso employees.

The sell through of inventory is expected to offset the cash costs of idling the mills.". Verso had just invested more than $5 million in the Duluth mill to begin producing kraft paper at a modest scale of about 90,000 tons per year when the pandemic hit. Within the automotive division (85% of revenues), the company focuses... Im Minus liegt gegenwärtig die Hengan Group-Aktie .

Für Inhaber der Hengan Group ist der heutige Handelstag bisher nicht sonderlich gut verlaufen. The Wisconsin Rapids Mill employs around 900, and according to Verso, "a majority of the employees will be laid off."

WISCONSIN RAPIDS, WI (WSAU) — Officials on the Rapids Together Task Force received some surprising and gut-wrenching news … My heart goes out to each and every one of these employees and their families. The agency's Dislocated Worker Program helps workers and companies affected by permanent worker layoffs.

November 2020 eine vierteljährliche Dividende in Höhe von 0,20 US-Dollar an ihre Aktionäre. Record date ist der 13. Verso expects to idle the Wisconsin Rapids Mill by the end of July 2020, and the Duluth mill by June, 2020. WISCONSIN RAPIDS – Verso will stop production at its paper mills at the end of July, leaving its future in Wisconsin Rapids uncertain.

or, All content © 2000 - 2020, WAOW Television, Inc. All rights reserved. As the Verso mill in Wisconsin Rapids stands indefinitely idled and the community waits for news about its future, Verso’s president and CEO has stepped down. "Verso is committed to treating all of our affected employees with fairness and respect. “During a time when so many have so little, with COVID-19 impacting our health and wealth, this news Is even more devastating,” Blaser said. An undetermined number of employees will continue working after July 31 to continue limited operations or maintenance. Verso is a Tennessee-based company that bought the Stevens Point and Wisconsin Rapids mills from NewPage Corp. in 2014 as part of a $1.4 billion deal.


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