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KapStone millworkers in Longview have officially gone on strike, union officials said early Thursday morning.
Attorneys representing laid-off or soon-to-be-laid-off workers made their case before a federal judge Monday afternoon that the closures are the result of Verso wielding too much influence in the North American market for coated paper and seeking to earn higher prices for their coated paper after cutting the supply.
Verso Corporation announced Friday that the New York Stock Exchange has notified Verso that it has fallen below the NYSE's continued listing standard requiring that Verso's average market capitalization be at least $50 million over a consecutive 30-trading-day period.
Verso Paper Corp. announced Thursday it plans to lay off 300 people at its mill in Jay and another 310 at a mill in Kentucky at the end of this year or in early 2016.
The added volume will be marketed to the joint venture company's existing applications and geographical markets. The investment by LignoTech is estimated at approximately US$ 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.
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.
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.
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.
FiberMark sells globally from six production facilities in the United States and one in the United Kingdom.
Sonoco, a global packaging company that has been in Waco for 10 years, said it will invest $13.5 million on new equipment for area operations and will add about 15 jobs.
The ruling by the U.S. Department of Commerce sets the Irving subsidy rate at 11.19 percent, lower than the Port Hawkesbury Paper rate, which it sets at 20.33 percent.
Owners face $210,000 in penalties from OSHA...
Stora Enso has signed an agreement to divest its Barcelona mill, which produces recycled-fiber based consumer board, to the private equity fund Quantum.
The mill's owners, Paper Excellence, blamed the extreme drought, noting that water from a nearby lake that feeds the mill's operations is dwindling. It also said declining prices and a shrinking newsprint market have been bad for business.
A letter from Tom Gallagher, President of Sales, Port Hawkesbury Paper...
KapStone union workers rejected the company's latest contract offer, union officials announced Wednesday night.
FiberMark sells globally from six production facilities in the United States and one in the United Kingdom.
Fire officials are crediting an International Paper facility's sprinkler system with keeping an early morning fire contained to a dust hopper.
Sappi Fine Paper North America will temporarily lay off about 250 workers from its mill in Cloquet, Minn., on 21 July 2015, closing its paper-making operations for eight days to reduce inventory.
KapStone's union mill workers overwhelmingly authorized an unfair labor practice strike this week, the union reported.
It is expected that the transaction will close in September 2015.
A blaze at Weyerhaeuser caused limited damage to some machinery early Sunday morning.
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