Verso Corporation announced that Robert M. Amen, chairman of the company's board of directors, has decided not to stand for reelection at the company's 2018 annual meeting of stockholders and, in connection with his decision, has resigned as chairman of the board effective October 6, 2017. In connection with Amen's resignation as chairman, the Verso board has selected Eugene I. Davis, chair of the Strategic Advisory Committee and chair of the Finance and Planning Committee of the board, and Alan J. Carr, chair of the Compensation Committee of the board, as interim co-chairmen of the board. In a joint statement, Davis and Carr said, "On behalf of the entire board, we want to express our gratitude to Rob for his service to Verso. With grace, wisdom and dedication, Rob led by example as chairman of the board. We are pleased that he intends to remain on the board until the end of his term as a director, and we wish him the best in all of his future endeavors."
Sappi Europe is set to extend its capacity at its mill in Gratkorn, Austria, enabling the mill to also manufacture wet-strength label papers. The double-digit million-euro investment in a state-of-the-art technical infrastructure will drive expansion of the site – and establish Sappi as a leader in the label sector for the long term.
• Innovation through investment: expansion of the Gratkorn mill’s technical infrastructure
• Increased demand for high-quality label papers
• Guaranteed production and delivery reliability
Speciality paper manufacturer Sappi has been offering a wide range of label papers for many years. They stand out with their premium quality and, together with excellent customer service, guarantee a high level of production and delivery reliability through Sappi’s partner companies worldwide. The company recently announced that it will be making a significant long-term investment to further strengthen its label paper business. As of the end of 2023, production capacities for label papers will be extended at the Gratkorn mill in Austria. The double-digit million-euro investment in technological innovations, such as a new embossing calendar, will enable the modern paper mill to produce high quality wet-strength wet-glue label paper. With this portfolio extension, Sappi will further strengthen its market leadership in label paper production. Marco Eikelenboom, CEO of Sappi Europe, explains: “Our investment at Gratkorn underscores our strategy to establish Sappi as the leader within the label sector, adding to the supply of value adding products across our entire business.”