Verso to permanently close a paper machine at its Androscoggin mill in Maine

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Verso/Fordaq
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Verso Corporation announced plans to permanently shut down the No. 3 paper machine and associated equipment at its Androscoggin Mill in Jay, Maine, reducing annual coated paper production capacity at the mill by approximately 200,000 tons. The shutdown will be effective August 1 and is expected to be complete by the end of Q3 2017. 

The No. 3 paper machine and a recovery boiler and digester that support it were idled in January of this year in response to declining customer demand that resulted in more coated paper capacity than could be filled. Most products made on the No. 3 paper machine were transitioned to lower-cost machines in other Verso mills. 

The permanent shutdown of the No. 3 paper machine and associated equipment will impact approximately 120 employees at the Androscoggin Mill. Employees affected by the shutdown will receive severance in accordance with Verso's severance policy and Maine state law. 

Verso Corporation is the leading North American producer of printing and specialty papers and pulp.

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