Posted inBusiness

Maine’s paper industry ‘positioned to have a revitalization’

For much of this decade, the paper industry’s most notable product has been bad news: entire mills closing, others idled for weeks or months, bankruptcies, machines shutting down and workers laid off. Now, after two decades of cascading drops in papermaking jobs, the basement seems to have been reached. And that, ironically, gives hope to […]

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Posted inObituaries, sj-web

Lawrence Paul Henry

AUGUSTA — Lawrence Paul Henry, 79, of Augusta died Friday, Aug. 3, at his home. He was born in Jay on June 30, 1939, the son of Nerie and Bessie (Slovak) Henry. He worked for many years as an electrician in the paper industry. On May 10, 2002, he married Marie Joy of Augusta and they […]

Posted inBusiness, Maine

Bucksport mill gets three new suitors before court hearing

BUCKSPORT — Three companies have stated an interest in restarting Verso’s shuttered mill, filing letters notifying a federal judge that they would like time to evaluate the facility, which is set to be sold to a scrap dealer. Each of the companies filed letters before a hearing Tuesday where U.S. District Court Judge John Woodcock […]

Posted inBusiness

Maine’s economy struggles as paper industry stumbles

Parts of Maine’s proud paper industry stumbled this year, hammering home the challenges of competition from abroad and the difficulty of unlocking new markets for papermaking byproducts. Verso intends to sell its Bucksport mill for scrap and Great Northern Paper’s East Millinocket mill is headed for the hands of a redeveloper. Those stories illustrate part […]

Posted inBusiness, Maine, sj-web

LePage opposes sale, dismantling of mill in Bucksport; weighing options to intervene

AUGUSTA — Gov. Paul LePage’s administration said Wednesday that he’s concerned about the proposed sale of a Maine paper mill to a Canadian scrap metal recycler and is weighing state actions to ensure the mill remains intact. Verso Paper Corp. has reached a deal to sell its Bucksport mill to a subsidiary of Montreal-based American […]

Posted inBusiness, Maine

Suitors to bid Monday on Great Northern Paper mill

Bidders for the shuttered Great Northern Paper mill in East Millinocket are set to put forward their best offers Monday morning before a Tuesday hearing to determine a buyer for the bankrupt mill. In early November, the court set out an 11 a.m. Monday deadline for bids. On the day a bankruptcy court judge set […]

Posted inBusiness, Maine

Verso workers being laid off from Bucksport mill will qualify for federal aid program

Bucksport’s mill closure has the potential of leaving hundreds without work. Many of the workers have families who depend on the mill as their main financial support. More than 500 workers who will lose their jobs when Verso Paper’s Bucksport mill closes in December will qualify for federal help with training, job search support or […]