Verso Paper restructures mill network in cost-cutting effort
In a continuing effort to trim costs, Verso Corp., the Memphis, Tenn.-based owner of the Jay paper mill, is consolidating its administrative offices and reorganizing its seven mill network into two divisions, the company announced Thursday.
As a result of the reorganization, the Portland Press Herald reported that the papermaking divisions will be divided into one for graphic paper and another for specialty paper. Kathie Rowzie, spokeswoman for the company, told the Press Herald that Verso’s Androscoggin Mill in Jay will be managed under the specialty paper division.
According to the Press Herald, the market for specialty paper continues to grow as the demand for coated and uncoated paper declines.
As Mainebiz reported earlier in November, Verso announced that it would temporarily idle the Androscoggin Mill’s No. 3 paper machine, which would reduce its annual coated paper production by 200,000 tons and lead to the layoff of about 190 of the mill’s 575 employees.
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