MeadWestvaco Resumes Operations in Texas and Louisiana
Press release from the issuing company
STAMFORD, Conn., Oct. 10 -- MeadWestvaco Corporation announced today 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 will report its third quarter 2005 results at 11:00 a.m. (ET) on Thursday, October 27, 2005. Please note the time of the call has changed. Investors may participate in the live conference call by dialing 1 (888) 428-4480 (toll-free domestic) or 1 (651) 291-0344 (international); passcode: MeadWestvaco.
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