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United States

Profile: Verso Corp (VRS.N)

VRS.N on New York Stock Exchange

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23 Sep 2016
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Verso Corporation, incorporated on June 6, 2006, is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising. The pulp segment includes pulp products, which are used to manufacture printing, writing, and specialty paper grades and tissue products. The Company produces a range of products, ranging from coated freesheet and coated groundwood to inkjet and digital paper, supercalendered papers and uncoated freesheet. It also produces and sells market kraft pulp, which is used to manufacture printing and writing paper grades, and tissue products.

The Company manufactures two main grades of paper: coated groundwood paper and coated freesheet paper. It also produces and sells Northern Bleached Hardwood Kraft (NBHK) pulp. The Company's Coated groundwood paper includes a fiber component produced through a mechanical pulping process. In addition to mechanical pulp, coated groundwood paper includes a kraft pulp component. Its Coated freesheet paper is made from bleached kraft pulp, which is produced using a chemical process to break apart wood fibers and dissolve impurities, such as lignin. Coated freesheet contains kraft pulp, with approximately 10% mechanical pulp in its composition. NBHK pulp is produced through the chemical kraft process using hardwoods. Kraft describes pulp produced using a chemical process, whereby wood chips are combined with chemicals and steam to separate the wood fibers. The fibers are then washed and pressure screened to remove the chemicals and lignin, and finally, the pulp is bleached. It also offers recycled paper. Additionally, it offers customized product solutions by producing paper grades with customer-specified weight, brightness and pulp mix characteristics. Its product offerings also include uncoated printing papers, and coated and uncoated packaging papers.

The Company owns approximately 10 paper machines at over eight mills located in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. The mills have an aggregate annual production capacity of approximately 3,440,000 tons of paper, including coated papers and specialty papers, and over 290,000 tons of kraft pulp. The Company sells and markets its products to approximately 300 customers, which include approximately 1,700 end user accounts. The Company serves through various distribution channels, including direct sales, commercial printers, paper merchants and brokers.

The Company competes with Resolute Forest Products, UPM-Kymmene Corporation and Sappi Limited.

Company Address

Verso Corp

6775 Lenox Center Ct Ste 400
MEMPHIS   TN   38115-4436
P: +1901.3694100
F: +1901.3694174

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