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Verso Corporation Reports Second Quarter 2021 Financial Results and Declares Quarterly Cash Dividend of $0.10 per Share prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
$ (144) Comments to Results of Operations - Comparison of Three Months Ended March 31, 2021 to Three Months Ended March 31, 2020 Net sales Net sales for the three months ended March 31, 2021 decreased $189 million compared to the three months ended March 31, 2020, as a result of significant declines in sales volume and unfavorable price/mix. Of the $189 million, or 40%, net sales decline, $59 million, or 13%, was a result of the sale of our Androscoggin and Stevens Point mills in February 2020, and $33 million, or 7%, was attributable to the indefinite idling of our Duluth Mill in July 2020. The remaining $97 million was a combination of market declines and the idling of our Wisconsin Rapids Mill. Total company sales volume was down from 554 thousand tons during the three months ended March 31, 2020, to 339 thousand tons during the same period of the current year. Of the 215 thousand ton volume decline, 59 thousand tons were a result of the sale of our Andro ....
Jay paper mill owners file lawsuit against Florida company connected to 2020 explosion Pixelle Specialty Solutions and related companies claim that on April 15, 2020 a digester ruptured at the Androscoggin Mill as a result of failed welds, holding Trico Mechanical Contractors, Inc. responsible. 9 of 9 Wreckage smolders after an explosion at the Jay paper mill Wednesday. The explosion shook the ground and produced a plume of black smoke that was visible for miles around. Sun Journal file photo FARMINGTON Pixelle Specialty Solutions, owner of the Androscoggin Mill in Jay, has filed a lawsuit against contractors responsible for inspecting and providing maintenance on the pulp digesters in the years preceding the equipment’s rupture on April 15, 2020. ....
Jay paper mill owners file lawsuit against Florida company connected to 2020 explosion sunjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunjournal.com Daily Mail and Mail on Sunday newspapers.