State leaders optimistic about future of Wisconsin Rapids mill, say potential buyers are interested

WISCONSIN RAPIDS – As the Verso Corp. paper mill quickly approaches a planned shutdown this month, local, state and industry leaders continue looking for ways to keep it up and running, including by finding someone to buy it.

State Rep. Scott Krug, R-Nekoosa, said because there are valuable assets inside the mill, he is optimistic the Miamisburg, Ohio-based papermaker will be able to sell it and that there are a couple potential buyers interested in the facility.

Verso announced in June it would stop production at its paper mills in Wisconsin Rapids and Duluth, Minnesota, indefinitely while "exploring viable and sustainable alternatives for both mills." As a result, Verso said it would lay off 902 employees at the Wisconsin Rapids mill starting July 31. ...

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Ken Notes: This is a perfect project to partner on with existing mills, federal dollars, and state support by way of tax credits...



- - Volume: 8 - WEEK: 30 Date: 7/23/2020 1:07:54 PM -