Verso shutdown would have devastating impact on forestry, trucking, construction industries

WISCONSIN RAPIDS – The papermaking industry has ties to other industries like forestry, trucking and construction, and Verso’s decision to indefinitely idle two of its mills affects those industries it works with.

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."

In its announcement, Verso said options for the two mills included restarting operations if market conditions improve, selling the mills or closing them permanently...

Ken Notes: I do worry that the holding costs of these complexes may be low enough that the owners can wait for the market to change...

- - Volume: 8 - WEEK: 30 Date: 7/23/2020 1:56:54 PM -