Stock Symbol: MWV
One High Ridge Park
MeadWestvaco Corp Industry:
Paper & Paper Products
MeadWestvaco Corp Description:
MeadWestvaco Corporation, headquartered in Stamford, Conn., has annual sales of $8 billion and is a leading global producer of packaging, coated and specialty papers, consumer and office products and specialty chemicals. The company operates in 33 countries, serves customers in approximately 100 nations and employs more than 30,000 people worldwide. Using sustainable forestry practices, MeadWestvaco manages 3.4 million acres of forests. For more information about MeadWestvaco, visit the company's Web site, www.meadwestvaco.com.
MeadWestvaco Corp Financial Summary:
MeadWestvaco Corp. manufactures pulp and paper, produces lumber and timber, manufactures specialty chemicals and engages in land development. For the 6 months ended 6/30/05, revenues increased 3% to $2.96B. Net income from continued ops. fell 96% to $4M. Revenues reflect an improvement in the packaging segment due to higher selling prices for bleached and kraft paperboard. Net income was offset by decreased operating margins.
MeadWestvaco Corp Business Summary:
MeadWestvaco Corporation is a global company operating in four segments: packaging, paper, consumer and office products, and specialty chemicals. The Packaging segment primarily produces bleached paperboard, Coated Natural Kraft paperboard, linerboard and saturating kraft, and packaging for consumer products in the media, beverage and dairy, cosmetics, tobacco, pharmaceuticals and healthcare markets. The Paper segment manufactures, markets and distributes coated, carbonless and specialty papers. The Consumer and Office Products segment manufactures, markets and distributes school, office, envelopes and time management products to retailers and commercial distributors. The Specialty Chemicals segment manufactures, markets and distributes specialty chemicals derived from sawdust and from the by-products of the papermaking process. In August 2004, the Company acquired Tilibra S.A. Produtos de Papelaria.