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Thursday, 08 January 2015 07:16

Verso Completes Acquisition of NewPage

Combined Verso Better Positioned to Deliver Long-Term Value for Stakeholders in Increasingly Competitive Industry

logoVerso Corporation (NYSE: VRS), a leading North American producer of printing and specialty papers and pulp, has announced the completion of its acquisition of NewPage Holdings Inc. The transaction, valued at approximately $1.4 billion, originally was announced on January 6, 2014. With the completion of the NewPage acquisition, Verso will have approximately $3.5 billion in annual sales and approximately 5,800 employees in eight mills across six states.

"The combination of Verso and NewPage creates a stronger, more stable company with an effective strategy to weather industry headwinds and reduce operating costs, while ensuring our customers continue to benefit from the distinctive quality and service that they have come to expect from us," said David J. Paterson, Verso's president and chief executive officer. "We continue to face increased competition from electronic substitution for print and from international producers, but as a larger, more efficient organization with a sustainable capital structure, we are better positioned to deliver solid results despite the industry's continuing challenges."

The combination is expected to result in substantial cost synergies over the next 18 months. "With the complementary asset base and shared strategic focus on coated paper manufacturing, this acquisition represents a relatively low integration risk, so we remain confident that we can deliver the synergies within the expected timeframe," Paterson said.

"This combination and the related financial transactions have created value for the securities holders of both companies," said Mark Angelson, chairman of NewPage. "Our customers, our employees and the communities in which they live and work will be in able hands with the new Verso team as they navigate the turbulent waters of this challenging industry. I thank our directors and management for a job well done in safely landing our ship, and wish the Verso team well going forward."

Divestiture of Biron and Rumford Mills

In a related transaction, immediately prior to Verso's acquisition of NewPage, NewPage completed the divestiture of its paper mill in Biron, Wisconsin, and its pulp and paper mill in Rumford, Maine, to Catalyst Paper Operations Inc., a subsidiary of Catalyst Paper Corporation. The divestiture, originally announced on October 30, 2014, was undertaken pursuant to a settlement with the United States Department of Justice that enabled the NewPage acquisition to proceed.

Name Change

Promptly after the NewPage acquisition was completed, Verso changed its name from Verso Paper Corp. to Verso Corporation. The name change symbolizes Verso's intention to broaden its business platform and seek alternative revenue streams to augment its core printing papers, specialty papers and pulp segments. Verso's ticker symbol on the New York Stock Exchange (NYSE: VRS) will remain the same. Verso's website address has been changed to www.versoco.com.

Leadership and Governance

As previously announced, Verso's existing senior leadership team will continue to lead the organization, with Paterson continuing as president and CEO. The rest of Verso's senior leadership team consists of the following persons, each of whom currently is an executive of Verso:

  • Lyle J. Fellows, Senior Vice President of Manufacturing and Energy, is responsible for the mill and converting network, forest resources, manufacturing technology and energy.
  • Robert P. Mundy, Senior Vice President and Chief Financial Officer, has responsibility for all financial areas, including financial planning and analysis, tax, corporate finance and treasury functions, accounting and audit functions, and investor relations.
  • Michael A. Weinhold, Senior Vice President of Sales, Marketing and Product Development, is responsible for sales, marketing, e-commerce, new business development, planning, logistics, customer service, field technical sales, product development and pricing management.
  • Peter H. Kesser, Senior Vice President, General Counsel and Secretary, has responsibility for all legal matters, including governance and compliance.
  • Kenneth D. Sawyer, Senior Vice President of Human Resources and Communications, is responsible for all human resources and people systems, including talent management and development, labor relations, performance management, compensation and benefits, as well as communications and public affairs.
  • Benjamin Hinchman, IV, Vice President and Chief Information Officer, has responsibility for the planning, development and operation of all information technology systems.
  • Joseph C. Duffy, Vice President of Integrated Planning and Control, is responsible for the integration of the two companies and other business coordination and planning activities.

In addition, following the NewPage acquisition, Verso's board of directors increased its size from 9 to 10 directors and elected Robert M. Amen, formerly a director of NewPage, to serve as a director of Verso. Mr. Amen will serve as a Class I director whose term expires at Verso's 2015 annual meeting of stockholders. It is anticipated that Mr. Amen will be nominated for election by Verso's stockholders at such meeting to serve for a term of three years.

Adjustment of Debt Securities

Adjustable Second Lien Notes

As a result of the consummation of the NewPage acquisition, and effective as of its closing date, the provisions of the Adjustable Second Lien Notes issued by Verso Paper Holdings LLC and Verso Paper Inc. were adjusted as follows: (1) the principal amount of the notes has been adjusted such that a holder of $1,000 principal amount of notes immediately prior to the acquisition now will hold $593.75 principal amount of notes (any adjusted notes that do not bear an authorized denomination will be rounded down); (2) the maturity date of the notes has been extended from February 1, 2019, to August 1, 2020; (3) the interest rate has been adjusted such that the notes bear interest from and after the NewPage acquisition date at a rate of 10% per annum payable entirely in cash plus 3% per annum payable entirely by increasing the principal amount of the outstanding notes or by issuing additional notes; (4) the optional redemption provisions have been adjusted as provided in the indenture governing the notes; and (5) certain other terms and conditions of the notes have been modified as set forth in the indenture governing the notes. As a result of the principal adjustment, the outstanding principal amount of the Adjustable Second Lien Notes was reduced by approximately $121.6 million from about $299.4 million before the NewPage closing date to approximately $177.7 million afterwards.

Adjustable Subordinated Notes

As a result of the consummation of the NewPage acquisition, and effective as of its closing date, the provisions of the Adjustable Subordinated Notes issued by Verso Paper Holdings LLC and Verso Paper Inc. were adjusted as follows: (1) the principal amount of the notes has been adjusted such that a holder of $1,000 principal amount of notes immediately prior to the acquisition now will hold $620 principal amount of notes (any adjusted notes that do not bear an authorized denomination will be rounded down); (2) the maturity date of the notes has been extended from August 1, 2016, to August 1, 2020; (3) the interest rate has been adjusted such that the notes bear interest from and after the NewPage acquisition date at a rate of 11% per annum payable entirely in cash plus 5% per annum payable entirely by increasing the principal amount of the outstanding notes or by issuing additional notes; (4) the optional redemption provisions have been adjusted as provided in the indenture governing the notes; and (5) certain other terms and conditions of the notes have been modified as set forth in the indenture governing the notes. As a result of the principal adjustment, the outstanding principal amount of the Adjustable Subordinated Notes was reduced by approximately $38.8 million from about $102.0 million before the NewPage closing date to approximately $63.2 million afterwards.

Conversion of Warrants

As a result of the consummation of the NewPage acquisition, and effective as of its closing date, a total of 14,701,832 warrants were mandatorily converted into a like number of shares of Verso common stock, without the payment of consideration. Verso originally issued the warrants on August 1, 2014, as part of the debt exchange offers in which the Adjustable Second Lien Notes and the Adjustable Subordinated Notes were issued.

Transaction Advisors

In connection with the NewPage acquisition and related financing transactions, Evercore, Barclays and Credit Suisse served as Verso's M&A advisors, and Kirkland & Ellis LLP, Morgan, Lewis & Bockius LLP, and Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal services to Verso. Goldman, Sachs & Co. served as NewPage's M&A advisor, and Sullivan & Cromwell LLP provided legal services to NewPage.

Investor Webcast

Verso will host a webcast for investors and analysts on Thursday, January 8, 2015, starting at 10 a.m., Eastern Standard Time. Analysts and investors may access the live conference call by dialing 719-325-2320 or, within the U.S. and Canada only, 888-208-1812, access code 6031982. To register, please dial in 10 minutes before the conference call begins. The conference call and presentation materials can be accessed through Verso's website at investor.versopaper.com by navigating to the Events page, or at http://investor.versopaper.com/eventdetail.cfm?EventID=154368. A telephonic replay of the conference call can be accessed by dialing 719-457-0820 or, within the U.S. and Canada only, 888-203-1112, access code 6031982. This replay will be available starting January 8, 2015, at 1 p.m., Eastern Standard Time, and will remain available for 14 days.

About Verso

Verso Corporation is a leading North American producer of printing papers, specialty papers and pulp. Our printing papers are designed primarily for commercial printing, media and marketing applications, including magazines, catalogs, books, direct mail, corporate collateral and retail inserts. Our specialty papers are used primarily for label and release liner, flexible packaging and technical paper applications. Headquartered in Memphis, Tennessee, Verso operates eight mills strategically located in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Additional information about Verso, including our recent acquisition of NewPage Holdings Inc., is available at www.versoco.com.

Forward-Looking Statements

In this press release, all statements that are not purely historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "project," "plan," "estimate," "intend" and other similar expressions. Forward-looking statements are based on currently available business, economic, financial and other information and reflect management's current beliefs, expectations and views with respect to future developments and their potential effects on Verso. Actual results could vary materially depending on risks and uncertainties that may affect Verso and its business. For a discussion of such risks and uncertainties, please refer to Verso's filings with the Securities and Exchange Commission. Verso assumes no obligation to update any forward-looking statement made in this press release to reflect subsequent events or circumstances or actual outcomes.

For more information:

Media:

Amber Best
937-242-9093 (office)
937-344-9510 (mobile)
Email Contact

Amy Sawyer McDonald
207-213-7710
Email Contact

Investors:

Robert P. Mundy
Senior Vice President and Chief Financial Officer
901-369-4128
Email Contact

Source: Verso Corporation

Published in North American News
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NewPage Corporation (NewPage) has announced that its Stevens Point specialty paper mill achieved recognition as a 2014 Green Masters Award winner, joining an exclusive group of leading Wisconsin companies being recognized by the Wisconsin Sustainable Business Council for significant and ongoing sustainability practices.

2014-11-26 072052

The NewPage Stevens Point mill was judged on a comprehensive range of nine sustainability topics, including energy and waste management, as well as educational and community outreach. The Green Masters Award designation is the highest tier attainable in this competitive process, and is only made available to participants scoring in the top 20 percent of program applicants. The 2014 Green Masters Award will be presented to NewPage on December 3 at the 7th Annual Wisconsin Sustainable Business Council Conference in Milwaukee, Wisconsin.

The Stevens Point mill produces specialty papers for food, beverage and consumer goods applications. The mill works within stringent operational standards, constantly striving to improve internal processes, and has invested in continuous improvement methodology that has lead to several successful sustainability projects. "We are proud to receive the Green Masters designation," said John Reichert, Stevens Point mill manager.  "The Stevens Point mill challenges itself to be a leader within our industry and community in the areas of environmental practices and sustainability.  This recognition places our facility within the ranks of many well respected Wisconsin organizations, and validates our ongoing efforts toward being a responsible manufacturer of specialty paper."

Noteworthy Stevens Point mill sustainability innovations include:

  • New product development of EcoPoint beverage label and UniTherm® thermal transfer label papers resulted in a 7% and 14% reduction in product weight, allowing more product to ship to customers with less trucks, without compromising label performance
  • Nearly 84% of location shipments utilize U.S. Environmental Protection Agency's SmartWay® transportation partners
  • Energy conservation projects resulted in a 5.8% year-over-year reduction in energy usage
  • Water conservation projects resulted in a 6.3% year-over-year reduction in water usage
  • Waste reduction projects resulted in a 7.5% year-over-year waste volume reduction

"At NewPage, sustainability is integral in our approach to everything we do," said Ed Buehler, vice president of Sales, Marketing and Business Development for specialty papers at NewPage. "We strive to continuously minimize our environmental impact and maintain a business approach that fosters sustainability. The Green Masters designation is a testament to the extensive sustainability initiatives that we have implemented at NewPage, which we will continue to put into place at our Stevens Point mill.  This award demonstrates our ongoing commitment to doing what's right for our employees, our customers, our communities and the environment."

About the Green Masters Program
The Green Masters Program is an objective, points-based recognition program that enables Wisconsin institutions of all sizes and from any sector to join a group of like-minded companies that are "on the road to sustainability."  Developed by the Wisconsin Sustainable Business Council, in conjunction with the University of Wisconsin, the Green Masters Program helps to recognize Wisconsin's sustainability leaders and encourage continuous improvement.  More than 175 Wisconsin Businesses are participating in the program where only the top twenty percent achieve the highest "Green Master" designation. 

About NewPage
NewPage is a leading producer of printing and specialty papers in North America with $3.1 billion in net sales for the year ended December 31, 2013. NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.

The company's portfolio of paper products includes coated, supercalendered and specialty papers. These papers are used in commercial printing to create corporate collateral, magazines, catalogs, books, coupons, inserts and direct mail as well as in specialty paper applications including beverage bottle labels, food and medical packaging, pressure-sensitive labels and release liners. To learn more, visit www.NewPageCorp.com.

SOURCE NewPage Corporation

For further information: Phil Hartley, NewPage Corporation, (715) 422-4023, This email address is being protected from spambots. You need JavaScript enabled to view it.

Published in North American News
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2014-09-11 064145 newpageNewPage Corporation (NewPage), a leading supplier of specialty papers, has launched the fourth edition of its PAPER@WORK Brief series at Labelexpo Americas titled, UNTAPPED POTENTIAL: How paper labels make your craft beers shine.

This new PAPER@WORK Brief explores how the rapid growth of craft beers in America is creating a greater need for breweries to better differentiate themselves in a crowded cooler, and how paper labels can be used in compelling new ways to better connect with consumers.

"A renaissance of local brewing is taking place all across America," said Ed Buehler, vice president of specialty papers for NewPage. "The changing tastes of consumers are driving bold new opportunities for craft beers, and our new brief outlines the role paper beer labels can play in conveying a brewery's core values, as well as techniques for using paper to attract and inspire consumers.''

PAPER@WORK is an ongoing series of briefings from NewPage detailing a spectrum of important topics impacting the world of specialty papers.

Please visit www.wherepaperworks.com/UntappedPotential-brief to download this FREE PAPER@WORK Brief or obtain a copy by visiting the NewPage booth #1539 at Labelexpo Americas 2014 in Chicago, Illinois, September 9 - 11, 2014.

SOURCE NewPage Corporation

Published in North American News

2014-09-04 110649newpage labelNewPage Corporation (NewPage) today announced the introduction of Reflections™, a new 60 lb. (89 gsm) high gloss cast coated alternative label paper designed for high-end wet glue and pressure sensitive applications that require smooth printing and a mirror gloss appearance, such as spirits, wine and pharmaceutical labels.

Reflections resembles cast coated grades with superior surface uniformity and features a high gloss effect achieved without the use of varnishes, UV or aqueous coatings. Reflections is Food and Drug Administration (FDA) compliant for direct and indirect food contact.

"Label printers and pressure sensitive laminators have long sought alternatives to traditional cast coated label papers, seeking new options that perform well and broaden their luxury label offerings," said Ed Buehler, vice president of specialty papers for NewPage. "Our partners looked to NewPage for innovative alternatives, and we created Reflections for visually stunning and demanding premium labels."

Reflections is available with third-party chain-of-custody certifications to the Forest Stewardship Council™ (FSC®), the Sustainable Forestry Initiative® (SFI®) and the Programme for the Endorsement of Forest Certification (PEFC).

Reflections joins the broader range of label papers from NewPage which includes DuraPoint™, EcoPoint™, LithoPoint™, OmniPoint™, ProPoint™, Sterling®, OptiLabel™, Oxford™ and OptiPrime™ product brands. In addition, NewPage manufactures specialty papers used in flexible packaging, technical and release liner applications.

For more information, visit the NewPage booth #1539 at Labelexpo Americas in Chicago, Illinois, September 9 – 11, 2014, email This email address is being protected from spambots. You need JavaScript enabled to view it., or call 888-557-3565.

SOURCE NewPage Corporation

Published in North American News
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newpage logoOmya and NewPage Corporation kicked off operations with a ribbon-cutting ceremony today at the precipitated calcium carbonate plant located at the NewPage Escanaba paper mill site.

            The Omya plant brings seven new jobs to the community.

PCC is an essential raw material used in the papermaking process. It lends to key properties such as bulk, opacity, brightness and whiteness. PCC is manufactured using lime and carbon dioxide (CO2).

The Escanaba mill previously purchased PCC from another supplier. With the PCC plant on-site, the mill saves on transportation costs. The lime needed for the PCC manufacturing process is purchased from the Upper Peninsula.

The environment also benefits from the on-site plant. Before the PCC plant was in operation, the CO2 produced by the mill was emitted into the air and considered waste. The on-site plant uses CO2 generated by the Escanaba mill in the process, reducing the environmental impact.

“We’re very pleased to see this PCC plant in operation at the Escanaba mill,” said NewPage Chief Executive Officer George Martin. “This plant is a step toward helping us achieve our long-term vision. The creation of this plant deepens our relationship with our strategic partner, Omya.”

Escanaba Mill Manager Roger Rouleau said, “By locating the plant here at the Escanaba mill, it’s not only mutually beneficial for Omya and NewPage, the improved economics and job creation help support the local economy.”

Tony Colak, CEO for Omya Region Americas said, “We are very excited to see this new PCC plant for NewPage Escanaba in operation. Most importantly, we are pleased to be a strategic supplier and partner with NewPage. The close collaboration between Omya and NewPage has resulted in this long-term commitment.”

Published in North American News
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Showcases Sterling® Premium Versus Other Leading Premium Paper

newpage logoNewPage Corporation (NewPage) has announced the launch of a new Sterling® Premium comparison promotion as a part of its popular SHIFT campaign.

"With the launch of Sterling Premium, we asked our customers to "shift" how they have traditionally thought about premium coated paper," said Tanya Pipo, commercial product manager, premium sheets and C1S for NewPage. "Sterling Premium is an American-made, premium coated printing paper designed for agencies, brand marketers and printers who know quality and appreciate it when they see it. It sets a whole new standard for brightness, surface consistency and on-press reliability for the money."

"The new promotion showcases identical images printed on Sterling Premium alongside other known premium coated and uncoated brands in a head-to-head comparison," added Julie Davis, senior marketing communications manager for NewPage. "The comparison is a reminder of the direct impact the paper choice has on the final printed piece and the final budget. With Sterling Premium, the impact is powerful, and positive, on both. It's a gorgeous, smooth and brilliant premium paper without the premium price."

newpage paper ad

NewPage invites designers, brand managers and printers to take the test. Contact your local NewPage sales or merchant representative for an opportunity to see, touch and experience the head-to-head comparison first hand. Not sure who to contact? Please visit the Contact section of www.NewPageCorp.com.

Sterling Premium, and its digital counterparts Sterling® Premium Digital and Sterling® Premium Digital for HP Indigo, carries three chain-of-custody certifications and contains 10 percent post-consumer recycled fiber. All NewPage products are made in the United States.

Sterling Premium. It shifts everything®. SHIFT your thinking and join the conversation on Facebook and Twitter. To learn more about Sterling Premium and NewPage, visit www.NewPageCorp.com.

SOURCE NewPage Corporation

Published in North American News
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logoVerso Paper Corp. (NYSE: VRS), a leading North American producer of coated papers, has announced plans to consolidate its existing West Chester office and the NewPage Miamisburg office into a single Ohio Operations Center. The Ohio Operations Center will be located in the existing Miamisburg facility shortly following the completion of Verso's pending acquisition of NewPage expected later this year. Verso's corporate headquarters will remain in Memphis, Tenn.

Verso's West Chester office currently houses about 55 employees in customer-facing and Information Technology functions. "We're committed to presenting a single face to our customers on Day 1," said Mike Weinhold, Verso's senior vice president of Sales, Marketing and Product Development. "Quickly co-locating our teams will help ensure we deliver on our promise of a seamless transition for customers."

The NewPage Miamisburg office is located at 8540 Gander Creek Drive, about 20 miles north of West Chester. "While we understand this will be an adjustment for our West Chester employees, we plan to do our best to minimize the potential disruption that such a move entails," Verso's Vice President of Human Resources Kenny Sawyer said. "We conducted a thoughtful and rigorous analysis of our options for a single Ohio Operations Center. Ultimately, our decision was based on a combination of financial, logistical and employee considerations that led us to select Miamisburg as the best option."

Source: Verso Paper Corp.

Published in North American News
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Wednesday, 03 April 2013 16:00

Luke’s ‘black liquor’ legislation founders

A bill supported by environmental organizations that carved out an important exception for the Luke paper mill is struggling after being rejected by a House committee.

While the bill remains alive in the Senate, the prognosis for final passage is uncertain.

Should the bill fail, it returns the situation to the status quo and the Luke mill would be unaffected, officials said.

But the status quo is a bad idea, said a spokesman for a key Maryland environmental group.

newpage forest pic“This critical bill for Maryland consumers and the environment overwhelmingly passed the Senate with bipartisan support and came just one vote short of passage in a key House committee. Unfortunately, a handful of delegates decided to continue to send Maryland ratepayer dollars to out-of-state, polluting companies. This bill would have supported new, clean-energy jobs in Maryland,” said Tom Carlson, the Maryland campaign director for the Chesapeake Climate Action Network.

Carlson said he wasn’t sure how likely reviving the bill in the House was, but the network would continue to work with delegates.

Fighting the battle against industry lobbyists in Annapolis isn’t an easy task, Carlson said.

“The Senate version of the bill remains alive and could be acted on favorably by a ... House committee in the next week if any delegate reconsiders their position,” Carlson said.

The bill passed the Senate 33-13 on March 28, but the companion House bill was reported unfavorably by the House Economic Matters Committee by one vote on April 1.     

The bill includes a list of renewable energy sources and makes the Luke paper plant eligible for renewable energy certificates.

“It’s like taking 250,000 cars off the road,” said Carlson.

The bill is also good for consumers, because it stops tax dollars from going to out-of-state companies.

In 2011, Carlson said, the certificates were worth $3.8 million, 91 percent of which ended up out of state.

The energy certificates can be traded and sold. Their value is equal to one megawatt-hour of electricity generated by a renewable energy source.

The certificates are expected to grow in value as time passes, sending more money to out of state companies, Carlson said.

It could amount to a value of $33 million heading out of state next year, Carlson said.

“The longer we wait, the worse this is. ... It’s outrageous,” Carlson said.

The initial bill would have redefined renewable energy sources to exclude “black liquor,” Carlson said.

The current bill’s certificates for the mill would expire in 2018.

The bill, though, directs the governor to find funding for the plant equivalent to what they might lose from phase-out of the certificates.

New Page Corp., based in Miamisburg, Ohio, owns the Luke mill and is a leading producer of coated paper in North America that operates 10 paper mills with 20 paper machines in the U.S. and Canada.

Published in North American News

The Point Tupper paper mill has been running smoothly since its restart, according a delegation from the plant.

During the regular monthly meeting of Port Hawkesbury town council on Tuesday, three employees of the plant’s new owner, Port Hawkesbury Paper, painted a rosy picture of the mill’s operations.

Foncie Farrell, mill operations superintendent for Cape Breton, said production at the plant has exceeded expectations.

and hawks

“The restart went very well considering the mill was down for over a year,” said Farrell. “It was kept in a state of hot idle, and that means the machines were turned regularly.”
In addition to having the mill produce excellent product, Farrell said he was surprised to have such a positive response from wood contractors who in many cases had started selling their materials to other mills.

As part of a new agreement, the mill has entered into a partnership with smaller mills to help it produce its raw product.

“It’s our intention, if a landowner or contractor wants to sell us everything that he harvests off his woodlot, we want to be able to buy that,” said Farrell. “We can market that to other markets.”

The mill, formerly operated by NewPage Port Hawkesbury, shut down in September 2011.

In October, the first roll of glossy magazine-style paper rolled off the production line.

Since that time, 304 people, including 267 full-time employees, have started work at the mill in various departments, including operations, maintenance, administration, forestry and salary.

While the mill remains a significant employer in the Strait region, there has been a net loss of about 250 jobs as the new owner has chosen to forgo producing a newsprint line.
Comments made around the table at council were positive toward the company’s purchase of the mill.

“You can just (be) happy that Mayor MacLean’s not here because he’d be hugging and kissing you,” said Coun. Bert Lewis. “Everybody in the region is very, very happy that the mill is up and running again.”

Deputy mayor Brenda Chisholm-Beaton echoed the sentiment of gratitude toward the mill’s operator.

“It’s such a wonderful thing to have you here and for you to express such great news,” she said.

Andrea Coombs, an outreach worker at the plant, said Port Hawkesbury Paper is currently the only large forestry operation that is certified to the Maritime standard in Atlantic Canada.
The mill is certified under the Forestry Stewardship Council, which includes certification from the process of moving wood out of the forest, down to selling the product to a paper customer.

“It really helps us when we get to those higher levels to compete with other companies, when we have that certification,” Coombs said.

Published in Canadian News

NewPage Holdings Inc. (NewPage) has posted its 2012 Annual Report on the NewPage Corporation website, www.NewPageCorp.com.

About NewPage Corporation

NewPage is a leading producer of printing and specialty papers in North America with $3.1 billion in net sales for the year ended December 31, 2012. NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.

The company's portfolio of paper products includes coated, supercalendered and specialty papers. These papers are used in commercial printing to create corporate collateral, magazines, catalogs, books, coupons, inserts and direct mail as well as in specialty paper applications including beverage bottle labels, food and medical packaging, pressure-sensitive labels and release liners. To learn more, visit www.NewPageCorp.com.

SOURCE NewPage Corporation

Published in Financial News
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