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Forest products

SmartLam becomes second CLT company to locate in Maine

James McCarthy |

SmartLam, a Montana-based company that is the first manufacturer of Cross-Laminated Timber in the United States, announced Thursday it plans to expand its operations to the East Coast by opening a...

Four other Maine companies receive MTI 'challenge' grants


In addition to awarding $4 million to Verso Corp. to upgrade and restart the Jay mill's idled No. 3 paper machine and $3 million to Montana-based SmartLam to support its plans to build a $23.5...

Verso restarting paper machine, adding 120 jobs at Androscoggin Mill

Verso Corp. announced a $17 million project that will upgrade the currently idled No. 3 paper machine and create 120 full-time jobs at its Androscoggin Mill in Jay.

Anchor tenant signs on at Millinocket's shuttered paper mill

Maureen Milliken |

The site that once housed Millinocket's Great Northern Paper mill has its first tenant — an anchor that is expected to bring 100 direct jobs to the Katahdin region in the next five years.

Hancock Lumber acquires Mainely Trusses, now employs 522 at 15 locations


Hancock Lumber has acquired Mainely Trusses, a market-leading roof and floor truss manufacturing facility based in Fairfield that was founded in 1991 by John Boulet. Terms of the acquisition were not...

High electricity costs drive wood pellet maker out of business

The high cost of electricity to manufacture wood pellets has driven a Boothbay pellet manufacturer out of business.

Maine-based group acquires Old Town pulp mill complex


OTM Holdings LLC is the new owner of the former Old Town pulp mill complex, with plans to redevelop the site into a wood-fiber-based complex comprised of multiple tenants.

Verso looking at options that include 'potential sale or merger'


Verso Corp. (NYSE: VRS), which employs 400 at its Androscoggin Mill in Jay, announced Tuesday that a “strategic alternatives committee” created last fall would expand “its...

Video highlights logging as an 'exciting industry' for young job-seekers


The Professional Logging Contractors of Maine has launched a promotional video to publicize the state's year-old program that provides much-needed trained loggers for the state's $8.5 billion forest...

Forest Society of Maine completes 100-Mile Wilderness conservation project

Renee Cordes |

A milestone conservation project completed by the Forest Society of Maine and its partners near Gulf Hagas and the 100-Mile Wilderness permanently conserves thousands of acres of productive...