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Verso begins bankruptcy proceedings, hopes to continue normal business

Verso begins bankruptcy proceedings, hopes to continue normal business

Verso has begun bankruptcy talks with the US government, in the hope that it will be able to restructure its debts and continue as a business.The company has secured $600...

Verso expected to file for bankruptcy in the next week

Verso expected to file for bankruptcy in the next week

According to industry insiders, Verso Paper is expected to run out of money to pay its creditors in the next week and will be forced to file for bankruptcy.The company, w...

Verso considering bankruptcy after poor performance

Verso considering bankruptcy after poor performance

Verso, the US manufacturer of fine papers, is considering bankruptcy proceedings in order to try and improve its financial situation.The company, which merged with NewPag...

Verso expands range of sizes for Blazer Digital

Verso expands range of sizes for Blazer Digital

Verso has announced it will stock Blazer Digital in 10 new sheet sizes.The new size is available in 10 different weights, and is aimed at Xerox iGen presses sized at 14.3...

Verso announces new Ideal Offset paper

Verso announces new Ideal Offset paper

Ideal, a new offset printing paper from Verso, is now available in the US market.The paper has a blue-white shade, 92 brightness, and is aimed at annual reports, brochure...

Verso to reduce coated paper capacity by 430,000 tonnes

Verso to reduce coated paper capacity by 430,000 tonnes

Verso, which includes the recently merged NewPage, is to reduce its annual production capacity for coated paper by 430,000 tonnes per year.The reductions will be made by ...

Verso sees sales double but share price still falls

Verso sees sales double but share price still falls

Verso Corporation, which recently merged with NewPage, has announced that its paper sales have more than doubled since last year, following the acquisition of NewPage.The...

Verso Paper unveil new Focus and Balance offset papers

Verso Paper unveil new Focus and Balance offset papers

Verso Paper has unveiled two new additions to its coated papers range."Balance" and "Focus" are brand new offset printing papers from the company and are targeted at maga...

Verso to divest two mills to facilitate NewPage merger

Verso to divest two mills to facilitate NewPage merger

Verso will sell two mills in Maine and Wisconsin, USA, in order to satisfy the government that the merger with NewPage will not be anti-competitive. The mills are expecte...

Verso loses $35 million in the last three months

Verso loses $35 million in the last three months

Verso, the intended buyer for NewPage Corporation, posted a $35 million loss in the last three months, highlighting the need for the company to find cost savings.Despite ...

 

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