Pulp-Paperworld.com / Canadian News

International technology Group ANDRITZ has been chosen as the maintenance and service partner for Arauco’s MAPA project in Chile. The long-term ANDRITZ SYNERGY™ service agreement covers the entire mill, including all pre-engineering, commissioning, start-up and integral maintenance there as well as supply of spare and wear parts and after-sales service. The service agreement, which will start in September 2019 and run for more than nine years through to February 2029, will be managed locally by ANDRITZ Chile. It is the largest maintenance and service contract ANDRITZ has ever been awarded.

This order follows the announcement by ANDRITZ in October last year that it would be supplying major woodyard equipment, fiberline, white liquor plant and evaporation technologies and equipment for the MAPA project. The scope also includes a complete operator training system with an exact model of the plant areas to train the operators in customer-specific operating scenarios. Completion of the MAPA project will make the Chilean company the third largest supplier of eucalyptus pulp globally. The modernization and expansion project is due to start up in the first quarter of 2021 and will see the mill producing 2.1 million tons of pulp annually.  

2019 07 08 120220Photo: ANDRITZ

“This is an important order for ANDRITZ because it further strengthens our relationship with the Arauco group, which represents almost half of the Chilean pulp production market," says Luis Binotto, Senior Vice President and Division Manager at Sindus ANDRITZ. 

ANDRITZ SYNERGY™ Services is a long-term service agreement for process equipment and a contract that has the flexibility to cover certain defined areas or the entire mill. The heart of the ANDRITZ SYNERGY™ Services agreement is process and equipment expertise in combination with customer experts to achieve the agreed targets.

ANDRITZ Pulp & Paper is a leading global supplier of complete plants, systems, equipment, and comprehensive services for the production and processing of all types of pulp, paper, board, and tissue. The technologies cover processing of logs, annual fibers, and waste paper; production of chemical pulp, mechanical pulp, and recycled fibers; recovery and reuse of chemicals; preparation of paper machine furnish; production of paper, board, and tissue; sizing, calendering and coating of paper; as well as treatment of reject materials and sludge. The service offering includes system and machine modernization, rebuilds, spare and wear parts, on-site and workshop services, optimization of process performance, maintenance and automation solutions, as well as machine relocation and second-hand equipment. Biomass, steam and recovery boilers for power production, gasification and flue gas cleaning plants, systems and plants for the production of nonwovens and absorbent hygiene products, dissolving pulp, and panelboard (MDF), as well as recycling and shredding solutions for various waste materials also form a part of this business area.

Sappi and PerfectPattern signed a global strategic alliance in an effort to roll-out AI driven dynamic print planning and ganging technology to print businesses worldwide.

The partnership aims to enable offset and digital printers the opportunity to make significant savings in paper waste, plate consumption and production time. The SaaS-based offer utilises PerfectPattern´s sPrint One technology.

OctoBoost is Sappi´s internal startup which develops innovative digital solutions for the print industry, well in-line with Sappi´s commitment to improve printers´ business and ultimately make print more efficient, attractive and sustainable.

Perfect Pattern GmbH is a Munich based company which creates industrial Artificial Intelligence solutions, using Reinforcement Learning, intelligent prediction models and other AI technologies to control and optimize industrial production processes.

2019 07 08 115906

Picture from left to right:

  • Robert Meissner, Perfect Pattern Founder and COO
  • Fabian Rüchardt, Perfect Pattern CEO
  • Flavio Froehli, Sappi Europe - Director Business Strategy & Development
  • Anna Oñate, Sappi Europe -  Intrapreneur, OctoBoost CEO & Co-founder

Sappi´s first digital product, OctoBoost, was launched in October 2018 in the DACH region and further rolled out to the Benelux and Nordic markets this year. Based on the e-commerce platform Magento and sPrint One it combines future-proof online print with powerful dynamic planning and ganging technology. It also provides insightful metrics through print intelligence dashboards.

For those printers who are already advanced in the online print journey and need no web-to-print solution, Sappi has launched OctoSprint: The technology will be distributed exclusively by Sappi & the OctoBoost team through a flexible SaaS model.

Significant savings, higher productivity

The technology is compatible with all digital and offset printing machinery. It has proven to reduce paper waste (by up to 50%), plate consumption (by up to 40%) and increase print capacity (by up to 22%), while automating pre-press and planning efforts. Average net savings are up to 5% of a print house´s revenue. Print businesses can find out concrete savings potentials through an OctoDiagnosis simulation on www.octoboost.com.

“Sappi and PerfectPattern´s enhanced partnership is a natural match”, says

Anna Oñate, CEO and Co-Founder of OctoBoost. “Both companies are passionate about print with the ambition of transforming the industry through further co-developing print automation and efficiency technologies.”

“Manufacturing companies in all industries need to optimize their competitiveness – and Artificial Intelligence can unlock significant potential for value creation in industrial production”, says Fabian Rüchardt, CEO of PerfectPattern. “We are very pleased to extend our partnership with Sappi OctoBoost to enable the printing industry to take advantage of the benefits of artificial intelligence for their business in an straightforward manner.”

About PerfectPattern

PerfectPattern was established in 2012 as a technology and software company based in Munich. The team creates software solutions that combine unique, powerful algorithms for process optimization with artificial intelligence. The solutions enable the fully automatic planning of virtually any production process in real time, making the “smart factory” a reality. The three key objectives are flexibility, punctuality and the reduction of production costs.

PerfectPattern has developed two revolutionary KI technologies, PYTHIA and CORTEX. PYTHIA is a platform product for pattern recognition, time series prediction and anomaly detection in real-time data streams. Through the innovative combination of methods from deep learning, stochastic and quantum field theory, it unsupervised finds even the most hidden patterns. CORTEX is a decision making technology that reaches decisions based on the global objective functions through reinforcement learning. CORTEX is the basis of sPrint One.

Further information is available at www.perfectpattern.de, where you will also find a growing glossary of artificial intelligence terms

About Sappi

Sappi is a leading global provider of sustainable woodfibre products and solutions, in the fields of Dissolving wood pulp, Printing papers, Packaging and speciality papers, Casting and release papers, Biomaterials and Bio-energy. As a company that relies on renewable natural resources, sustainability is at our core. Sappi European mills hold chain of custody certifications under the Forest Stewardship Council® (FSC®) and/or the Programme for the Endorsement of Forest Certification™ (PEFC™) systems. Our papers are produced in mills accredited with ISO 9001, ISO 14001, ISO 50 001 and OHSAS 18001 certification. We have EMAS registration at 8 of our 10 mills in Europe. 

Sappi Europe SA is a division of Sappi Limited (JSE), headquartered in Johannesburg, South Africa, with 12,500 employees and 18 production facilities on three continents in nine countries, 37 sales offices globally, and customers in over 150 countries around the world.

Learn more about Sappi at www.sappi.com.

Utilizing more than 35 years of experience in laboratory and online fiber measurements, Valmet has launched a completely redesigned optics module. The ultra-high definition optics can measure more fibers with much higher resolution in order to expand application areas and improve measurement precision.

Since its launch in 2013, the Valmet Fiber Image Analyzer (Valmet FS5) has made precise standardized fiber morphology measurements possible without special training, sample preparation or laboratory facilities. Now, the new optics feature a wider measurement cell to allow improved shive particle measurement, a larger image area to measure more and longer fibers and an ultra-high definition camera providing faster fiber analysis and increased sharpness for better fibril and small particle detection. The new optical module is also available as an upgrade to existing Valmet FS5 analyzers.

"Our Research & Development team did it once again! The improvements in the optics allow our customers to see smaller particles, identify particles like parenchyma cells, and to be able to measure longer fibers or larger shives particles than before," says Tommi Niskanen, the Product Manager for Valmet FS5.

Valmet's redesigned optics module can measure more fibers with much higher resolution in order to expand application areas and improve measurement precision.Valmet's redesigned optics module can measure more fibers with much higher resolution in order to expand application areas and improve measurement precision.

Valmet FS5 is intended for use in regular mill testing while also meeting the requirements for research laboratories. The results are ISO standard compliant and fully traceable and provide a better understanding of the paper making potential of the pulp, helping papermakers to better manage the process to get targeted end product quality.

The upkeeping requirements for Valmet FS5 are minimal and each unit is calibrated with an accredited calibration tool at Valmet's production center in Kajaani, Finland.

"Valmet FS5 platform has been validated by over one hundred happy customers globally. The possibilities with the new optics have created positive feedback from both our old and new customers," says Tuomo Kälkäjä, Director for Valmet's analyzers, measurements and performance solutions.

Ultra HD technology detects smaller particles

The Valmet Fiber Image Analyzer enables pulp and paper mills to unlock the true value potential of their raw material for optimum end product quality. With the new compact and user-friendly unit, customers can benefit from a wider range of available measurements combined with improved usability and reliability resulting in savings in terms of both time and resources.

The analyzer requires no special facilities other than water, drain and electricity. It is transportable for use on the machine floor as well as shift laboratory, when and where needed for fast and accurate pulp property analysis. Easily programmed for customized analysis and reporting, the FS5 is provided with basic measurements of fiber dimensions (length & width), fines, coarseness and curl, with two optional measurement packages that add blend ratio, external fibrillation, kink and cell wall thickness as well as neural network classification of vessel cells, shives, parenchyma cells, fiber entanglements, and more.

Read more: www.valmet.com/fs5

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Read more www.valmet.com

For further information, please contact:

Tommi Niskanen, Product Manager, Valmet Fiber Image Analyzer, Automation Business Line, Valmet, tel. +358 400 758 915

Tuomo Kälkäjä, Director, analyzers, measurements and performance solutions, Automation Business Line, Valmet, tel. +358 50 317 0803

Monday, 08 July 2019 11:52

Update from Port Hawkesbury Paper

A fire in one of the wood chip silos on the Port Hawkesbury Paper (PHP) Mill site was discovered at approximately 7:20 PM (ADT) on Thursday, June 20th. The mill Emergency Response Team and the Louisdale Volunteer Fire Department responded to the initial call. The nature of the fire required additional resources, and firefighters from four local fire departments were brought in to assist.

2019 07 08 115323Two Port Hawkesbury Paper employees and two volunteer firefighters were taken to hospital for treatment. Both PHP employees have been released along with one of the firefighters. We have been told the second firefighter is expected to be released later today.

The fire is under control, and the PHP response team are making progress toward extinguishing it completely. External fire department resources are no longer on site.

Port Hawkesbury Paper is extremely grateful for all those who responded to this incident. As a result of their professional actions, the mill's production has not and will not be impacted.

The mill is cooperating with the Department of Labour and Advanced Education in their incident investigation. The cause of the fire remains under investigation by the mill.

For additional information, please contact: Mike Hartery

Port Hawkesbury Paper

Office: 902-625-6220

Valmet introduces new control product called Valmet Stand-Alone Retention Control (Valmet RET) for retention and break-time headbox ash consistency management. It offers benefits for paper, board and tissue makers previously only available to the users of Valmet DNA process control and Valmet IQ quality control system. 

Utilizing the Valmet Retention Measurement (Valmet RM3), low consistency measurement and control hardware with state-of-art model predictive control, the product enables users to take control of the wet end to a new level.

valmet logo rgb"Both controls, based on the Valmet IQ MD Optimizer, already have a proven track record. We know that by stabilizing the wet end we can offer improved quality, chemical and energy savings as well as better runnability for virtually all grades," says Timo Rantala, Product Manager, Automation, Valmet.

Active wet end management for stability and runnability

Valmet Stand-Alone Retention Control improves paper quality in the machine direction by reducing variations in basis weight, paper ash and moisture. Additional advantages include fewer wet end breaks, savings in chemicals and drying steam as well as better control of grade changes and start-ups - all leading to higher productivity.

As the very first pilot user of Valmet Stand-Alone Retention Control mentioned: "Retention measurement and control are fully reliable solution, which both are used all the time. We can say they are standards at our paper machine."

Technical information about Valmet Stand-Alone Retention Control

The goal of Valmet Stand-Alone Retention Control is to minimize consistency variations within the short circulation and stabilize wet end operation. It stabilizes white water consistency by controlling retention aid flow.

The goal of breaktime headbox ash control is to keep paper web ash content stable and thus make web threading easier, breaktime shorter and paper ash on target right after sheet break. Breaktime headbox ash consistency control becomes automatically operational during sheet break.

Both controls reside in Valmet hardware installed in the cross-connection room. This enables fast deliver, short implementation and tuning time of the control product in the mill. A secure remote connection to Valmet RET allows a fast response and remote help from Valmet locations around the world. Connection to mill system can be made with standard 4.20 mA I/O signals or optional digital links.

Read more: https://www.valmet.com/retention-control

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.  

Read more www.valmet.com

For further information, please contact:

Timo Rantala, Product Manager, Automation, Valmet, +358 40 512 8278, timo.rantala@valmet.com

Jukka Nokelainen, Business Manager, Automation, Paper Analyzers, Valmet, +358 400 284 150, jukka.nokelainen@valmet.com

A new management structure marks the beginning of an ambitious three-year programme for iT’s Tissue, the Italian Technology Experience.

After seven years and three editions of the unique live technology open-house event, Marco Dell’Osso has been appointed Chairman, leading an independent management team to take the brand forward.

“Our network of founding members represents the best of Italian technology in the field of tissue,” said Dell’Osso. “We have also benefited from the involvement of high-level partners who have brought complementary expertise to our initiative. We intend to extend this relationship more widely to a group of companies with shared values and standards of excellence. As such we can enhance the experience of our visitors and partners and ensure we are offering the best the world has in terms of tissue technology, networking and vision for the future.”

Left to right: Stefano Bortoletto, CFO; Maddalena Marcone, Events and PR Manager; Marco Dell'Osso, ChairmanLeft to right: Stefano Bortoletto, CFO; Maddalena Marcone, Events and PR Manager; Marco Dell'Osso, Chairman

The iT’s Tissue management team includes Stefano Bortoletto, CFO, Maddalena Marcone, Events and PR Manager, and other experienced professionals.

The next iT’s Tissue in the heart of Italy’s “Tissue Valley” has been confirmed for June 2021 with the founding network members and the participation of a wider group of global partners.

On behalf of the founding members, Past President Massimo Franzaroli said: “We are delighted to hand the torch to a new management team with the experience and ability to support the growth of iT’s Tissue. The network will continue to give its enthusiastic support to the brand and the unique experiences it offers.”

iT’s Tissue also intends to apply its visionary approach to a new event in 2020, details of which will be announced in due course.

Valmet will supply an extensive paper machine grade conversion rebuild for Stora Enso at its Oulu Mill in Finland. In the project, originally Valmet-supplied paper machine PM 7, which is currently producing fine papers, will be rebuilt to produce high-quality virgin-fiber-based kraftliner grades.

The order is included in Valmet's orders received of the second quarter 2019. The value of the order will not be disclosed.

Happy faces after shaking hands after the deal (from left): Teemu Houhala, Kari Räisänen (both from Valmet), Ari-Pekka Määttänen, Rickard Arnqvist (both from Stora Enso), Jari Vähäpesola (Valmet), Ari Saarnio, Harri Metsärinne (both from Stora Enso), Kirsi Peltola, Marko Oinonen, Pasi Ronkainen (all three from Valmet), Janne Myllykangas (Stora Enso) and Kimmo Kyllönen (Valmet).Happy faces after shaking hands after the deal (from left): Teemu Houhala, Kari Räisänen (both from Valmet), Ari-Pekka Määttänen, Rickard Arnqvist (both from Stora Enso), Jari Vähäpesola (Valmet), Ari Saarnio, Harri Metsärinne (both from Stora Enso), Kirsi Peltola, Marko Oinonen, Pasi Ronkainen (all three from Valmet), Janne Myllykangas (Stora Enso) and Kimmo Kyllönen (Valmet).

The project is part of Stora Enso's investment plan to transform to higher profitability business with grade conversion projects. Oulu Mill will cease to produce wood-free coated papers by the end of 2020. The start-up of the rebuilt PM 7 is scheduled for the end of 2020.

"The conversion of Oulu Mill will enable Stora Enso to further improve its position in the growing packaging business and we are taking a major step forward in our transformation," says Project Director Ari Saarnio from Stora Enso. 

"Valmet and Stora Enso have had a long and successful cooperation over the years at all of Stora Enso's mills. Our strong experience in complicated projects and grade conversions is essential for this project. It is also an advantage that the paper machine was originally supplied by Valmet in 1997. It will smoothen the project execution further. The selected technology will enable high end-product quality and production capacity in a sustainable way," says Jari Vähäpesola, President of Paper Business Line, Valmet.

Technical details about the delivery

Valmet's delivery will include a new world-class production line for virgin-fiber based kraftliner (both brown and white-top). All the equipment will be delivered with installation.

The 9,000-mm-wide (wire) PM 7 will be producing kraftliner and white top liner grades with a basis weight range of 80-225 g/m2. The design speed of the new parts will be 1,300 m/min. The annual capacity will be 450,000 tonnes.

Information about the customer Stora Enso

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. The company employs some 26,000 people in more than 30 countries. The Oulu Mill in northern Finland currently produces wood-free coated paper and bleached softwood pulp.

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy. 

Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki. 

Read more www.valmet.com

For further information, please contact:

Jari Vähäpesola, President, Paper Business Line, Valmet, tel. +358 40 558 6555

Kari Räisänen, Sales Director, EMEA and NA, Board and Paper Mills, Valmet, tel. +358 40 518 0567

It is with great satisfaction that A.Celli Paper announces to have signed another contract with the Chinese customer for the purchase of a Paper Rewinder E-WIND® P-100, whose delivery is scheduled for the end of January 2020.

The new rewinder is destined to the Hangzhou City plant, Zhejiang province, an important district, known for the production of decorative and printing paper.

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The rewinder has been designed for a speed of 2300 mpm, with the mother roll paper width of 3860 mm and will be dedicated to the production process of Special Decorative Paper, with a basis weight range between 50 and 120 gsm.

A further confirmation for A.Celli Paper technology, which is increasingly present on the Asian territory and capable to meet the needs of different customers, promptly answering to multiple production variables with flexibility and promptness.

Valmet will supply a forming section rebuild introducing a novel Sleeve Roll technology to Ajin P&P's Dalseong mill in Korea. The rebuild of the paper machine PM 3 targets production increase and improved end-product quality. The start-up of the rebuilt machine is scheduled for 2020.  

The orders are included in Valmet's orders received of the second quarter 2019. The value of the orders will not be disclosed.

"Ajin highly appreciates Valmet's know-how and strong focus on customer-centric research and development. Valmet has been continuously providing new and innovative solutions to the market targeting for example improved energy, water and raw material efficiency. The Sleeve Roll is an excellent example of this," says Dr. Jin-Doo Kim, Vice President of Ajin P&P.

Shaking hands over the deal (from left): Timo Saresvuo (Valmet), Jin-Doo Kim, Yeon-Wook Jung (both from Ajin), Hannu T Pietilä, Sami Anttilainen and Tae-Yeon Kwon (all three from Valmet)Shaking hands over the deal (from left): Timo Saresvuo (Valmet), Jin-Doo Kim, Yeon-Wook Jung (both from Ajin), Hannu T Pietilä, Sami Anttilainen and Tae-Yeon Kwon (all three from Valmet)

Technical details about the delivery

The delivery for PM 3 will include modifications to forming section. The existing fourdrinier forming section will be rebuilt into OptiFormer Hybrid by adding a top forming unit that utilizes a novel and innovative Sleeve Roll technology. Sleeve Roll is a specially designed roll, which has a sleeve-like outer layer where dewatering pressure is created with a shoe. Because of Sleeve Roll, the top forming unit is vacuumless. This makes the technology especially suited for rebuilds as it enables unrivalled dewatering capacity and energy savings. All the rebuilt machinery will be automated with Valmet DNA Machine Control System.  

The 5,900 mm-wide (wire) PM 3 produces recycled fluting grades in the design speed of 1,300 m/min and a basis weight range of 90-120 g/m².

Information about the customer Ajin P&P

Ajin P&P Co., Ltd. is a Korean corrugated board and packaging manufacturer founded in 1975. It values highly the importance of R&D and sustainability and wants to be the leader in recycling business.

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Read more www.valmet.com

For further information, please contact:

Hannu T Pietilä, Vice President, Corporate Sales, Asia Pacific, Valmet, tel. +358 40 5034085

Sami Anttilainen, Director, Product Sales, Board and Paper Mills, Valmet, tel. +358 407687854

Verso Corporation has just announced that its Board of Directors (the "Board") has unanimously adopted a limited duration stockholder rights plan (the "Rights Plan"), following the Board's evaluation and consultation with the Company's advisors, and has declared a dividend distribution of one right ("Right") for each outstanding share of common stock. The record date for such dividend distribution is June 27, 2019. Unless and until a triggering event occurs and these Rights become exercisable, the Rights will trade with the shares of the Company's common stock.

verso logo 2018The adoption of the Rights Plan is intended to protect Verso and its stockholders from the actions of third-parties that the Board determines are not in the best interests of Verso and its stockholders, and to enable all stockholders to realize the long-term value of their investment. The Rights Plan also protects Verso from any efforts to obtain control while it is conducting its strategic alternatives process so that it can maximize the likelihood of a successful outcome.

The Rights Plan is similar to other rights plans adopted by publicly-traded companies. The Rights Plan has the following specific terms:

(1) The rights will generally become exercisable only if a person or group acquires beneficial ownership of 15% or more of Verso's common stock in a transaction not approved by the Board;

(2) The Rights Plan expires on the earlier of (a) one year, (b) the redemption or exchange of the Rights, (c) the Board's determination to not pursue any strategic alternatives and (d) upon the approval by the Company's stockholders of any strategic transaction recommended by the Board;

(3) The rights will not be issued if there is a "qualifying transaction" which satisfies the following criteria: (a) the offer is a fully financed, all-cash tender offer or an exchange offer offering shares of the offeror traded on a national securities exchange (or a combination thereof); (b) for any and all of the outstanding shares of common stock of the Company; and (c) at the same per-share consideration for all such shares; and

(4) Each holder of a right (other than the acquiring person or group, whose rights will become void and will not be exercisable) will have the right to receive for 50% of the market value (determined pursuant to the terms of the Rights Plan) a certain number of shares of Verso's common stock, calculated in accordance with terms of Rights Plan. In addition, if Verso is acquired in a merger or other business combination after an acquiring person acquires 15% or more of Verso' common stock, each holder of the right would thereafter have the right to receive for a purchase price equal to 50% of the then current market value a certain number of shares of common equity interest of the acquiring person that is a party to such transaction. The acquiring person or group would not be entitled to exercise these Rights.

In the Rights Plan, the definition of "beneficial ownership" includes derivative securities.

Further details of the Rights Plan will be contained in a Current Report on Form 8-K and a Registration Statement on Form 8-A that Verso will be filing with the Securities and Exchange Commission (SEC).

Akin Gump Strauss Hauer & Feld, LLP is serving as legal advisor to Verso and Houlihan Lokey Capital, Inc. is serving as financial advisor to Verso.

About Verso
Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at
www.versoco.com 

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