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.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.