The Town of Jay, Maine, and Verso Corporation (OTCPink: VRSZQ) have reached an agreement to resolve their dispute concerning property tax assessments for Verso's Androscoggin Mill. In exchange for the Town's agreement to reduce Verso's property tax liability to more accurately reflect the assessed value of the mill property, Verso has agreed to withdraw its pending property tax appeals, and not to seek further abatements of taxes absent material changes to the mill property or operations. This agreement is intended to allow both parties to achieve sustainable operations over the coming years based on changing circumstances concerning the mill's taxable value. The reduction in the mill's property tax liability will be paid over time by the Town as credits against Verso's future tax bills. This agreement is subject to approval by the Town's select board and the bankruptcy court overseeing the Verso bankruptcy cases. The Town and Verso are pleased to have reached this agreement as part of a mutual effort to support the long-term viability of the Androscoggin Mill, which is an important goal of both parties.
Lecta increases its extensive offer of Adestor self-adhesive materials for digital printing with the launch of Adestor Inkjet Matt LR FSC (C011032) SP123 White Glassine 62.
This new product, specially indicated for logistics and retail labels, provides good absorption and uptake of inks, resulting in excellent drying times both for UV and water-based inks.
With this launch, Lecta continues to build on its specialized multiproduct offer for digital printing, responding to the increasing market demand for highly customized environmentally friendly products.
The entire Adestor range is produced in accordance with ISO 14001 and EMAS environmental standards, ISO 50001 energy management standards, ISO 9001 quality standards and OHSAS 18001 occupational health and safety standards. The range is also available with PEFC™ and FSC® Chain of Custody forest certification upon request.