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Layoffs at Jay mill don't preclude new investment

Despite recent rounds of layoffs, Verso Paper is not ruling out new investment in its Androscoggin Mill in Jay

JAY, Maine (Portland Press Herald) -- The Verso paper mill in Jay could be in line for additional investment as the company considers all options for increasing value.

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In a conference call Wednesday to review its second-quarter performance, managers of Verso Paper said they have hired a consultant to look at each of the company’s seven mills and the company as a whole to determine how to wring the best value for shareholders.

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