GLADSTONE – Gov. Rick Snyder said the timber industry in Michigan is growing at a faster rate than expected. He was at Besse Forest Products in Gladstone yesterday to announce that they have achieved four of five goals set at a Forest Product Summit in 2013.
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Forest Service, DNR launch ‘Good Neighbor Authority’ timber projects
GLADSTONE – The U.S. Forest Service (USFS) and Michigan Department of Natural Resources (DNR) announced today that the two agencies are completing another step toward implementation of the Good Neighbor Authority in the state. The parties are signing two Supplemental Project Agreements (SPAs) for timber sale work on the Hiawatha and Ottawa National Forests in the U.P. The Good Neighbor Authority offers the opportunity to work across jurisdictional boundaries to sustainably manage forest lands by allowing state resources to accomplish work planned on national forest system lands. The projects will maintain and create healthy forest conditions as called for in
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Escanaba Paper Company, NewPage sold to Verso Corporation
ESCANABA – The Escanaba Paper Company was sold to Verso Corporation today with the completion of Verso’s purchase of NewPage Holdings Inc., a deal valued at $1.4 billion.
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Verso, NewPage receive request for additional information from Justice
MEMPHIS, Tenn., and MIAMISBURG, Ohio – Verso Paper Corp. and NewPage Holdings Inc. today announced that they each have received a request for additional information from the U.S. Department of Justice in connection with Verso’s proposed acquisition of NewPage.
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NewPage announces new financing
MIAMISBURG, Ohio – NewPage Corporation announced new bank financing totaling $1.1 billion that is required in the merger to Verso Paper Corporation. It is the first in a series of actions connected with the merger. Verso Paper announced Jan. 6 that it was acquiring NewPage mills including the Escanaba Paper Mill in the Upper Peninsula.
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Verso Paper acquires NewPage
MIAMISBURG, Ohio – Verso Paper Corporation is purchasing NewPage for $1.4 billion. It includes the Escanaba Paper Mill in the Upper Peninsula as well as paper mills in Wisconsin and four other states. The sale was announced this morning. It comes about a year after NewPage emerged from Chapter 11 Bankruptcy.
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NewPage reports third quarter increase in 2013
MIAMISBURG, Ohio – NewPage Corporation reports a $21 million net income in the third quarter of 2013. The company says it is in line with its expectations. That compares with a $47 million loss during the third quarter in 2012. However, sales were down 3 percent in 2013 compared to 2012.
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Mood good at Lake States Logging Congress, regulations still a concern
Henry Schienebeck, executive director of the Great Lakes Timber Professionals Association, talks about the 68th annual Lake States Logging Congress and Equipment Expo in Escanaba, MI Sept. 6-7.
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Loggers look for new equipment at Logging Congress
Escanaba – For Steve Anderson, updating logging equipment every few years keeps his business profitable. He took advantage of the Lake States Logging Congress and Equipment Expo in Escanaba to compare the different harvesters now on the market.
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Exhibitors get ready for Lake States Logging Congress
ESCANABA – Exhibitors at the Lake States Logging Congress and Equipment Expo spent three days setting up their displays at the U.P. State Fairgrounds in Escanaba. The show runs Friday and Saturday.
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