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Between the two paper mills, about 1,000 employees were expected to be laid off, with 900 of those at the Wisconsin Rapids Mill. [15] In January 2021, Verso announced that it no longer planned on restarting its Duluth mill, citing a decrease in demand as a result of the Covid-19 pandemic.
The Fort Bend Star is a weekly newspaper [1] headquartered in Stafford, Texas in Greater Houston. [2] History.
In 1986, James River acquired the fine paper mill assets of Crown Zellerbach, headquartered in San Francisco, and became the largest paper manufacturer in the world. [2] The brown paper division of CZ was not in the deal and became Gaylord Container Corporation. Crown Zellerbach had been the target of a hostile takeover by Sir James Goldsmith ...
In 1997, the Fort Howard Paper Company and the James River Corporation merged to form the Fort James Corporation. [1] [4] Fort Howard was headquartered in Green Bay, Wisconsin, and James River in Richmond, Virginia. By 1999, Fort James was operating nine of the eleven largest 270-inch (22.5 ft; 6.9 m) wide tissue machines in the world. [1]
(For example, 500 shares at $32 may become 1000 shares at $16.) Many major firms like to keep their price in the $25 to $75 price range. A US share must be priced at $1 or more to be covered by NASDAQ. If the share price falls below that level, the stock is "delisted" and becomes an OTC (over the counter stock). A stock must have a price of $1 ...
New-Indy acquired the former Bowater paper mill in York County about three years ago and in 2020 began changing production from bleached paper to unbleached material. But the company took the ...
On November 13, 2000, Weyerhaeuser began an unsolicited bid to purchase Willamette through a tender offer, for $5.3 billion in cash, plus the assumption of $1.7 billion in debt, or $48.00 a share, a 38% premium to Willamette's Friday, November 11, closing stock price. The shares in Willamette went up 32.7% on Monday, November 13.
Prices for the paper waste needed to produce paper increased by 70 percent. This increase was widely attributed to overseas competition. [13] In 2009, the company filed for chapter 11 bankruptcy protection. In 2011, Blue Heron Paper Company permanently closed citing rising paper costs and lack of investors. [3] A major fire took place in ...