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North America

Verso makes $43 million loss ahead of NewPage merger

Verso makes $43 million loss ahead of NewPage merger

Verso Paper, the prospective buyer of NewPage Corp, suffered a $43 million loss in the last three months. The company's sales revenue fell 2.9% compared to last year duri...

Verso makes third attempt to merge with NewPage

Verso makes third attempt to merge with NewPage

Verso has offered better terms for the third time in its latest attempt to get approval for its proposed merger with NewPage. Verso is threatened with bankruptcy if it is...

Domtar temporarily closes mills to reduce inventory

Domtar temporarily closes mills to reduce inventory

Domtar slows or temporarily stops production in its mills to allow it to sell off more of its inventory. Paper shipments for the company were down 2.7% in the last three ...

Mondi expands its North American high-speed inkjet paper distribution

Mondi expands its North American high-speed inkjet paper distribution

Mondi's high-speed inkjet range is now available in more locations across North America. The company now has warehouses stocking the product in Dayton, Chicago and Los An...

Neenah Paper purchases technical materials company for $72 million

Neenah Paper purchases technical materials company for $72 million

Neenah Paper purchases Crane Technical Materials compay which provdes specialty filtration papers http://www.postcrescent.com/article/20140605/APC03/306050257/Neenah-Pape...

NewPage's merger with Verso looking increasingly unlikely

NewPage's merger with Verso looking increasingly unlikely

NewPage's attempted merger with Verso hit another snag, with Verso's debt rating being downgraded. Credit agencies believe Vero may default in the next year if the merger...

Georgia-Pacific upgrades its packaging mill in Palatka.

Georgia-Pacific upgrades its packaging mill in Palatka.

Georgia-Pacific invests $20 million in Palatka packaging machine. This is the first upgrade for the machine since 1980 and demonstrates the continued focus on packaging i...

International Paper expects to earn extra $200 million in coming years

International Paper expects to earn extra $200 million in coming years

International Paper's restructuring and expansions into new markets are expected to earn the company an additional $200 million per year. The company's primary business i...

International Paper makes a $95 million loss in the first three months of 2014

International Paper makes a $95 million loss in the first three months of 2014

International Paper makes a $95 million loss in the first three months of 2014, a significant proportion of which relates to the shutdown of the Courtland paper mill. Ove...

Sappi to cut its US workforce in Cloquet

Sappi to cut its US workforce in Cloquet

Sappi to cut its US workforce in Cloquet in addition to converting its mills away from paper and packaging production and towards textiles as demand for print falls.

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