Pulp & Paper News

TRANSCRIPT: Verso – 2Q 2014

OAKLAND, CA , Aug. 14, 2014 (RISI) - 

The transcript of Verso's second quarter 2014 conference call on Aug. 14, 2014, with CEO David Paterson, is now available at Seeking Alpha.

EXCERPT: On the pricing side, on our primary coated paper grades, we have seen a continued decline in pricing, 5.2% versus last year and 1.6% versus last quarter. Most of the pressure is in the coated mechanical side in terms of downward pricing pressure. On a volume point of view, our volume in the second quarter was in line with the prior year and up substantially from the first quarter. During the first quarter of this year we took approximately -- excuse me, took an excess of 33,000 tons of market downtime and our second quarter numbers didn't reflect that amount of downtime.

Pulp & Paper News Service subscribers - click here to read the full article.

Not a subscriber?