Solenis, a leading global producer of specialty chemicals, will increase prices by 5 to 20 percent on all sizing product lines across the EMEA and Asia Pacific regions, effective immediately or as customer contracts allow. The price increase is necessary due to inflation and availability of raw materials used in manufacturing our sizing product line, elevated freight and energy costs and regulatory compliance requirements. “We are unable to absorb the impact of the increased costs that we are currently experiencing but we will continue to work in partnership with our customers to help mitigate the increases,” said Jose Santolaya, director, EMEA marketing and product management. “Solenis remains committed to controlling costs through process improvements to deliver high-value, innovative solutions that our customers have come to expect.”
Verso Corporation (NYSE: VRS) today announced the appointment of Randy J. Nebel as President and Chief Executive Officer. Mr. Nebel has served as interim President and Chief Executive Officer since October 2020 and has been a member of Verso’s Board of Directors since November 2019.
“We are pleased that Randy has accepted our offer to transition from the interim role to a permanent position,” said Chairman of the Board Sean Erwin. “His more than 40 years of knowledge in the paper and packaging industry, combined with his breadth of executive leadership experience, make him the right choice for this role.”
“Since becoming interim President and CEO in October, I have had the privilege of working with Verso’s talented and dedicated team, spending time in our mills, meeting with customers and creating a dialogue with our investors,” said Nebel. “I am optimistic about the opportunities ahead and look forward to continuing to work closely with our team and Board to execute company strategic goals and initiatives that achieve results and create long-term value for all of our stakeholders.”
Mr. Nebel previously served as Executive Vice President of Integrated Packaging at KapStone Paper and Packaging Corporation and prior to that was President of Longview Fibre Paper and Packing, Inc. He was also a past member of the Board of Directors of the National Association of Manufacturers and the American & Forest Paper Association.