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Verso Paper Corp. announced Thursday it plans to lay off 300 people at its mill in Jay and another 310 at a mill in Kentucky at the end of this year or in early 2016.

The added volume will be marketed to the joint venture company's existing applications and geographical markets. The investment by LignoTech is estimated at approximately US$ 8.5 million, and the project is expected to be completed in 2017.

The production plant has an annual capacity of 35,000 tons. Production will be discontinued in October 2015.

Two years after Atlanta-based Georgia-Pacific acquired Memphis-based Buckeye Technologies in a $1.4 billion deal, the combined company, GP Cellulose, has invested $20 million in capital construction and maintenance projects at its Memphis facilities.

Disclaimer: Any resemblances here to real people, places, institutions or events are purely coincidental. This is a work of fiction. We pick up where we left off last week, still in Chapter 4...

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Asia Pulp & Paper Group (APP) today announced it is committing to retire around 7,000 hectares of commercial plantation areas to protect threatened carbon-rich peatlands, the first time that plantations on tropical peatland have been retired for conservation purposes worldwide.

No one was injured. Details of damage have not yet been released.

Miami Machine serves the paper and processing industries with quick-turnaround equipment repair, machine rebuilds, large-scale machining and fabrication services. It also designs and builds entire paper machines and processing equipment or primary machine sections.

Mondi announced that it has signed an agreement with POLIFILM Extrusion GmbH, to sell Mondi's film manufacturing site in Osterburken, Germany, subject to competition clearance.

WestRock Company has entered into a definitive agreement to acquire SP Fiber Holdings, Inc., a producer of recycled containerboard and kraft and bag paper with mills located in Dublin, Georgia, and Newberg, Oregon.

Disclaimer: Any resemblances here to real people, places, institutions or events are purely coincidental. This is a work of fiction. Let's pick up where we left off last week, continuing in Chapter 4...

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WestRock Company announced that D. Michael Wilson will be the chief executive officer of the company's specialty chemicals business that is expected to become a publicly traded company, Ingevity, early next year as a result of a spin-off from WestRock.

Encapsys discovers, develops and manufactures microencapsulation solutions for use in the building and construction, paper, bedding, and personal and household care industries.

R.R. Donnelley & Sons Co. said Tuesday that it plans to split itself into three publicly traded companies, joining the recent wave of companies looking to spur growth by breaking up.

KapStone officials Monday declared a bargaining impasse and told pulp and paper union officials they will implement most of the company's latest contract offer by Friday, according to the union.

After about a year of delay, Valparaiso, Indiana has begun the process of issuing bonds to pay for a wastewater treatment plant connected to the Pratt Industries paper recycling mill.

FiberMark sells globally from six production facilities in the United States and one in the United Kingdom.