Thursday 19. March 2009
MWV to Close Louisa, Va., and Caguas, Puerto Rico, Facilities
MeadWestvaco Corporation (NYSE: MWV) today announced it will close its Louisa, Virginia, and Caguas, Puerto Rico, folding carton plants in 2009. These actions are part of the companys accelerated strategic cost management program, announced January 15, 2009, to optimize its manufacturing footprint and strengthen its mix of value-added products and solutions for MWVs key global markets. MWV will continue delivering value-added consumer packaging solutions to customers and will focus on market segments that drive profitable growth.