Verso Paper to Idle Its Bucksport Paper Mill in Maine for Two Weeks
Verso Paper's Bucksport mill in Maine produces lightweight coated groundwood papers for offset and rotogravure printing as well as specialty products.
Jan. 15, 2014 (Portland Press Herald) - Verso Paper Corp. said [Jan. 11] it will idle its Bucksport mill (Maine, USA) for about two weeks to control inventory amid a flood of paper supply on the market and a spike in natural gas prices.
Verso, which Monday agreed to buy rival NewPage Holdings for $1.4 billion, employs about 560 workers at the Bucksport mill, said spokesman Bill Cohen.
The mill will shut down by Jan. 17 and remain idle for about two weeks, Cohen said. The company’s biomass boiler will remain in operation and produce electricity during the shutdown, he said.
“This is happening because of the extraordinary cost of natural gas, which happened last winter as well. And also, a soft order book, which is typical for this time of year. Instead of making paper and keeping it in a warehouse, we’re shutting down for two weeks,” Cohen said.
Read the full story at the: Portland Press Herald.
SOURCE: Portland Press Herald
Editor's note: The Bucksport mill was established in 1930 and produces lightweight coated groundwood papers for offset and rotogravure printing as well as specialty products.