Verso Paper (VRS) Plans Temp. Production Idle at Androscoggin Mill; Notes Challenging Market Conditions
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Verso Announces Plans to Temporarily Idle 200,000 Tons of Annual Production Capacity at its Androscoggin Mill in Maine
November 1, 2016 9:00 AM EDTMEMPHIS, Tenn., Nov. 1, 2016 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today announced plans to temporarily idle the No. 3 paper machine at its Androscoggin Mill in Jay, Maine, reducing annual coated paper production capacity by approximately 200,000 tons. Â Verso intends to implement this capacity reduction beginning in the first quarter of 2017. The mill also will idle a digester and recovery boiler that support the No. 3 paper machine. Most products currently produced on the No. 3 paper machine will be transitioned to other machines in Verso's highly flexible manufacturing system with no expected disruption to... More
