BUSINESS MEMOS: REPORTS 1996 EARNINGS

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Monday, September 9, 1996

Westvaco Corp., a major manufacturer of paper, packaging and specialty chemicals, today reported fiscal 1996 third-quarter and nine-month sales and earnings. Sales for the third quarter ended July 31, were $758 million, an 11.3 percent decrease compared to the year earlier period. Sales for the first nine months were $2.3 billion, down 5.6 percent from the first nine months of fiscal 1995.

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