Press Releases: all

  • 8/28/14 11:25 am EDT

    MWV a proud supporter of VMFA's upcoming exhibit of featured works from the Ming and Qing dynasties

    MWV is proud to be providing educational programming for Forbidden City: Imperial Treasures from the Palace Museum, Beijing. This exhibit is a truly unique opportunity to have world class art and exciting cultural exchange in Richmond at the Virginia Museum of Fine Arts.“There is so much for students, families and scholars to learn about Chinese culture through this one-of-a-kind exhibit at the VMFA,” said John A. Luke, Jr., chairman and CEO, MWV. “Our company has been doing business in Chinamore...
  • 8/21/14 8:30 am EDT
    RICHMOND, Va.--(BUSINESS WIRE)--MeadWestvaco Corporation (NYSE: MWV), a global leader in packaging and packaging solutions today announced that John A. Luke, Jr., chairman and chief executive officer, will present at the UBS Global Paper and Forest Products Conference on Thursday, Sept. 11 at 8:30 a.m. EDT, followed by a question and answer session. The conference will be held in New York City. Mr. Luke will discuss MWV’s progress toward market-leading marginsmore...
  • 8/20/14 8:30 am EDT

    Avive increases medication adherence, pharmacy efficiency and CMS Star Ratings

    RICHMOND, Va.--(BUSINESS WIRE)--MeadWestvaco Corp. (NYSE: MWV), a global leader in packaging and packaging solutions, today announced the commercial availability of the Avive® Multimed system, a software-based solution that establishes a pharmacy home, synchronizes medication regimens, improves adherence, supports reimbursement for services including medication therapy management and helps dramatically improve CMS Star Ratings performance. Avive is unique among pharmacymore...
  • 8/11/14 8:05 am EDT

    By Lee Miller, Director of Machinery and Automation, MWV

    At MWV, we think deeply about the science of packaging and about how it can solve our customers’ challenges. Our product design and development starts with these challenges in mind and is guided by our insights to in-market approach, an end-to-end process that uses market and consumer insights and brand engagement to inform design, innovation and manufacturing.What does this process look like in the real world?The Customer ChallengeWith approximately 50% of patients not taking theirmore...
  • 8/11/14 8:04 am EDT

    How packaging can break the pattern of medication non-adherence

    At MWV, we encourage our research and commercial teams to delve deep with our customers about the biggest challenges facing their businesses. What impact will e-commerce have on CPGs? How can brands enter new markets like Turkey and Indonesia? How will food safety concerns in China impact the global supply chain?We then match our packaging capabilities to those challenges, drawing on our global consumer insights and technical expertise in advanced material science, engineering design, andmore...
  • 7/30/14 8:42 am EDT
    Explore a visual of our second quarter 2014 earnings report and the drivers behind our performance in the period.  more...
  • 7/30/14 7:25 am EDT

    Second Quarter 2014 Highlights:

    • Earnings from continuing operations of $0.43 per share, $0.53 ex-items vs. $0.28 on the same basis
    • Sales of $1.47 billion were up 6% from gains across targeted packaging and specialty chemicals markets
    • EBITDA ex-items increased to $257 million, up 26% driven by margin expansion in the Food & Beverage and Home, Health & Beauty segments
    • EBITDA margin expansion driven by broad volume, price/mix and productivity improvement, as well as cost savings benefits; company remains on track to deliver $75 million of savings in 2014 ($100 million run-rate savings)
    • Continued operational progress in Brazil despite soft economic conditions
    • Completed accelerated stock repurchase using forestland transaction proceeds; company has returned more than $600 million to shareholders through repurchases and a special dividend
    RICHMOND, Va.--(BUSINESS WIRE)--MeadWestvaco Corporation (NYSE: MWV), a global leader in packaging and packaging solutions, reported improved results and EBITDA margin expansion in the second quarter of 2014 (see table below). The company generated particularly strong performance improvement in the Food & Beverage and Home, Health & Beauty segments, as well as record sales and earnings in the Specialty Chemicals segment. As a result, total company EBITDA ex-itemsmore...
  • 7/28/14 9:30 am EDT

    Award Recognizes MWV for Commitment to Supplier Diversity 

    At MWV, we believe packaging matters to brands, retailers and consumers, throughout the supply chain, online, offline and around the world. And in order to develop packaging that connects brands with global consumers, we believe our workforce and our partners must reflect that diversity. It’s not only the right thing to do; it’s a business imperative for us to compete and win in today’s global marketplace.Because supplier diversity is so important to us, we are especially proud to announcemore...
  • 7/14/14 3:31 pm EDT

    New package increases efficiency in production and enables superior function and graphics to please the consumer

    MWV has expanded its presence in Brazil’s packaging market and is now supplying innovative solutions to the food service sector. The company recently introduced brand owners to a product that assists fast food chains operating in delivery, to-go and drive-through systems with beverage transport.According to ABIA – the Brazilian Food Industry Association, the growth of the emerging middle class has boosted the food service sector. Currently, 38 percent of meals are consumed outside the home, ormore...
  • 7/14/14 1:00 pm EDT

    The consumer insights behind the development of our new chilled ready meal packaging solution

    Chilled Ready Meals (CRM) have long been associated with black CPET trays, but those trays simply do not live up to consumers’ expectations. MWV launched a five-year consumer insights study in the United Kingdom to dig deep into what consumers want from their CRM packaging. We learned that there are four main attributes consumers look for in this category – convenience, value, variety and “the experience.” Convenience, value and variety seemed to be hitting the mark but “the experience” wasmore...