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Last €47.37 EUR
Change Today +0.443 / 0.94%
Volume 28.0
MVA On Other Exchanges
New York
As of 2:51 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

501 South 5th Street

Richmond, VA 23219

United States

Phone: 804-444-1000


MeadWestvaco Corporation provides packaging solutions in the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries worldwide. The company also produces specialty chemicals for the automotive, energy, and infrastructure industries. Segments The company’s segments include Food & Beverage; Home, Health & Beauty; Industrial; Specialty Chemicals; and Community Development and Land Management. Food & Beverage This segment produces packaging materials, and designs and produces packaging solutions primarily for the global food, food service, beverage, dairy, and tobacco end markets, as well as paperboard for commercial printing. For the global food market, this segment develops and produces materials and solutions that are used to package frozen food, dry goods, ready-to-eat meals, hot and cold drinks, and various shelf-stable dairy products. For the global beverage market, this segment has an integrated business model, including high-performance paperboard, carton design, and converting operations, as well as beverage packaging machinery. For the global tobacco market, this segment produces high performance paperboard, and designs and produces cartons for major tobacco brand owners. Home, Health & Beauty This segment designs and produces packaging solutions for the personal care, fragrance, home care, lawn and garden, prescription drug, and healthcare end markets worldwide. For the global beauty and personal care market, this segment produces pumps for fragrances, lotions, creams and soaps, flip-top and applicator closures for bath and body products and lotions, and plastic packaging for hair and skin care products. For the global home and garden market, this segment produces trigger sprayers for surface cleaners and fabric care, aerosol actuators for air fresheners, hose-end sprayers for lawn and garden maintenance, and spouted and applicator closures for various other home and garden products. For the global healthcare market, this segment produces secondary packages designed to improve patient adherence for prescription drugs, as well as healthcare dispensing systems, paperboard packaging and closures for over-the-counter and prescription drugs. Industrial This segment designs and produces corrugated packaging solutions, primarily for produce, meat, consumer products and bulk goods. In Brazil, where majority of this business is based, the integrated business includes forestlands, paperboard mills, and corrugated box plants. This segment also includes operations in India, which develop corrugated packaging materials, as well as corrugated packaging solutions primarily for produce. In Brazil, this segment manufactures virgin kraftliner and recycled material medium paperboards, and converts the board to corrugated packaging at four box plants across the country. Specialty Chemicals This segment manufactures, markets, and distributes specialty chemicals derived from sawdust and other byproducts of the papermaking process in North America, Europe, South America, and Asia. Products include performance chemicals derived from pine chemicals used in printing inks, asphalt paving, and adhesives, as well as in the agricultural, paper, and petroleum industries. This segment also produces activated carbon products used in gas vapor emission control systems for automobiles and trucks, as well as applications for air, water, and food purification. Community Development and Land Management This segment is responsible for improving the value of 94,000 development acres in the Charleston, South Carolina region through a land development partnership with Plum Creek Timber Company, Inc. (Plum Creek). This segment develops real estate, including selling development property; entitling and improving tracts; and master planning of select landholdings. The earnings of this segment exclude the non-controlling interest attributable to Plum Creek. Markets and Distribution The principal markets for the company’s products are in North America, South America, Europe, and Asia. The company operates in 30 countries and serves customers in approximately 100 nations. Its products are sold through a combination of its own sales force and paperboard merchants and distributors. The company has sales offices in major cities worldwide. International Operations The company’s operations outside the U.S. are conducted through subsidiaries located in Canada, Mexico, South America, Europe, and Asia. Research and Development The company’s expenditures for research and development were $41 million for the year ended December 31, 2014. Environmental Laws and Regulations The company has been notified by the U.S. Environmental Protection Agency or by various state or local governments that it might be liable under federal environmental laws or under applicable state or local laws with respect to the cleanup of hazardous substances at sites previously operated or used by the company. The company is named as a potentially responsible party, or has received third-party requests for contribution under the Comprehensive Environmental Response, Compensation and Liability Act; and similar state or local laws with respect to various sites. History MeadWestvaco Corporation was founded in 1888.


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