MeadWestvaco resumes operations in Texas and Louisiana
Oct 11, 2005. MeadWestvaco Corporation (NYSE: MWV) announced that the company’s facilities in Texas and Louisiana have resumed production after a temporary shutdown of approximately 10 days due to Hurricane Rita. These facilities include the company’s specialty chemicals plant in DeRidder, Louisiana; the paperboard mill in Evadale, Texas; and the extrusion coating facility in Silsbee, Texas.
Oct 11, 2005. /Lesprom Network/. MeadWestvaco Corporation (NYSE: MWV) announced that the company’s facilities in Texas and Louisiana have resumed production after a temporary shutdown of approximately 10 days due to Hurricane Rita. These facilities include the company’s specialty chemicals plant in DeRidder, Louisiana; the paperboard mill in Evadale, Texas; and the extrusion coating facility in Silsbee, Texas.
As a result of the production downtime and related costs due to the recent hurricanes, the company expects third quarter earnings to be affected negatively by $0.07 - $0.10 per share, excluding adjustments for hurricane-related insurance reimbursement.
MeadWestvaco, headquartered in Stamford, Conn., is a global packaging company that delivers high-value packaging solutions and products to the world’s most recognized companies in the food and beverage, media and entertainment, personal care, cosmetic and healthcare industries. The company also has market-leading positions in its Consumer & Office Products, Specialty Chemicals and Specialty Papers businesses. MeadWestvaco, with operations in more than 29 countries, has been selected for the Dow Jones Sustainability Indexes, and manages all of its forestlands in accordance with internationally recognized forest certification standards.