Verso’s Jay (ME) Paper Mill in Line for Millions in New Investment

The Verso Corp. plans to invest $120 million in three pulp and paper mills, including significant upgrades to its Androscoggin Mill in Jay.

The Miamisburg, Ohio, company announced the two-year capital plan in a quarterly earnings conference call Thursday morning.

Interim CEO Leslie Lederer said the company wants to make more packaging and specialty products to reduce its reliance on graphic paper.

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