Effective with all new and existing orders with confirmed delivery dates of November 1, 2017 or later, Verso Corporation is increasing the transaction price of all Coated Freesheet Web and Coated Groundwood Web grades by $2.00/cwt USD/$2.70/cwt CAD. This announcement includes, but, is not limited to: Coated Freesheet Web: ArborWeb Plus® web; Sterling® Ultra web; Sterling® Ultra TrueJet® web; Sterling® Ultra caliper web; TrueJet® Book web; Publishers Matte®; Publishers ThinBulk®; ArborWeb®; Influence® web; Focus® web. Coated Groundwood Web: Liberty® web; Balance® web; New Era® Matte; New Era® ThinBulk. The increase applies to all basis weights, bulks, finishes and related private label grades.

Mativ Holdings, Inc. announced the appointment of Shruti Singhal, current member of Mativ’s Board of Directors, as President and Chief Executive Officer, effective today. Mr. Singhal succeeds Julie Schertell, who has stepped down as President and Chief Executive Officer, and as a director. Mr. Singhal brings extensive expertise leading transformations through strong operational and commercial execution, profitability initiatives, and driving innovation. He previously served as CEO of Galata Chemicals and Chroma Color, and has held roles of increasing responsibility at global businesses including DSM, General Cable, Solenis, Ashland, The Dow Chemical Company, Rohm and Haas, Cognis (now BASF) and Henkel. “Mativ has a strong core business with innovative and differentiated specialty materials products and strategic initiatives in place to enhance profitability and drive growth,” said Dr. Kimberly E. Ritrievi, Chair of the Board of Directors. “We recognize the need to accelerate the pace of execution, lower costs, improve cash flow and reduce leverage. Shruti brings decades of experience leading corporate turnarounds and a track record of driving strong financial and operating performance in global industrial organizations. We are confident Shruti is the right person to drive the business forward with urgency and ensure the Company reaches its full potential.”

In many ways, the Marlboro Mill is one of a kind. Opened in 1990 in Bennettsville, South Carolina, the mill is the last greenfield mill built in the United States. It’s also the last fully integrated paper mill built in North America. And it takes a unique approach to employee training and safety. “Other mills might have the technology we do, or they might even have advancements we don’t have, but they can’t beat us on people,” says Allan Bohn, general manager of the Marlboro Mill since 2022. “It’s what really sets us apart.” Bohn speaks from experience. He’s worked in the industry for decades, including as general manager at our Plymouth and Ashdown mills. But the move to Marlboro has been a highlight of his career with Domtar, which began in 2005.