Verso Paper Corp. · Memphis, TN United States ·(NYSE: VRS)
Company Description
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This link will open in a new window Verso Paper is behind the recipes in Southern Living, the gossip in People, and the stats in Sports Illustrated. The company produces coated and supercalendered paper and pulp for some 100 clients, including publishers (like Time , producer of the above-mentioned magazines), commercial printers, specialty retail merchandisers, and paper merchants throughout North America. Its products are used for media and marketing purposes from magazines to catalogs, brochures, annual reports, and direct-mail advertising. The company operates 11 paper machines at four mills located in Maine, Michigan, and Minnesota. The company went public in mid-2008. Previous sole shareholder Apollo Advisors still controls 73% Verso Paper. To read the full description, subscribe now.
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Key Verso Paper Corp. Financials
| Company Type | Public - NYSE: VRS Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,766.8 |
| 2008 Employees | 2,900 |
Verso Paper Corp. Executives
16 executives listed for Verso Paper Corp.'s Memphis, TN location.
| Title | Name & Bio | Contact |
| President, CEO, and Director | Michael Jackson | Network |
| SVP and CFO | Robert Mundy | Network |
| VP and CIO | Benjamin Hinchman | Network |
Competition
Competitive Landscape for Verso Paper Corp.
Demand is driven by general commercial activity and population growth. The profitability of individual companies depends on efficient operations, as products are sold mainly based on price. Big companies have advantages in distribution and can supply large customers. There are few economies of scale in manufacturing; large and small producers operate the same kinds of plants -- large producers just have more of them. Small companies can compete successfully by making specialty products or serving a small geographical market. The industry is capital-intensive: average annual revenue per worker is close to $300,000, although the figure varies by product segment. To read the full description, subscribe now.Top Verso Paper Corp. Competitors
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