Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 19, 2018

Verso intends to revive paper machine at Jay facility

US-based speciality papers and pulp producer Verso is planning to restart the manufacture of packaging products by upgrading the closed pulp line and No. 3 paper machine at its Androscoggin Mill in Jay, Maine.

US-based speciality papers and pulp producer Verso is planning to restart the manufacture of packaging products by upgrading the closed pulp line and No. 3 paper machine at its Androscoggin Mill in Jay, Maine.

Last July, the company had closed the paper machine and associated pulping capacity at the facility, due to the low demand for the graphic paper products, which were produced using the machines.

“When this project is completed, the Androscoggin Mill will be more competitive in the global marketplace and better positioned for future success.”

The machinery upgrade will be carried out with a $17m investment, $4m of which will be provided by Maine Technology Institute through its Maine Technology Asset Fund 2.0.

According to the company, the upgrade will be completed by the third quarter of this year, and is expected to create nearly 120 full-time jobs at the facility and additional positions throughout the Maine forest products supply chain.

Upon completion, Verso intends to diversify its product mix into growing market segments.

Verso chief executive officer Christopher DiSantis said: “Verso identified this upgrade and restart of the No. 3 paper machine and associated equipment at the Androscoggin Mill as part of our continuing development of a holistic strategy that includes repositioning of certain assets, and we want to thank Governor LePage and the Maine Technology Institute for their support in helping to make it possible.

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
Cutting-edge innovation in fish packaging

“When this project is completed, the Androscoggin Mill will be more competitive in the global marketplace and better positioned for future success.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU