BusinessMarch 6, 2000
BUSINESS MEMO: WESTVACO EARNINGS
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, has reported first-quarter sales and earnings. Westvaco, headquartered in New York, reported sales of $799.6 million in the quarter ending Jan. 31, up 23 percent from a year ago. Net earnings were $50.2 million, or 50 cents a share, double the total of $25.2 million and 25 cents a share for the same period in 1998...
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, has reported first-quarter sales and earnings.
Westvaco, headquartered in New York, reported sales of $799.6 million in the quarter ending Jan. 31, up 23 percent from a year ago. Net earnings were $50.2 million, or 50 cents a share, double the total of $25.2 million and 25 cents a share for the same period in 1998.
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Westvaco, which includes a paper-processing facility at Wickliffe, Ky., purchases timber from Southern Illinois and Southeast Missouri.
Higher demand for bleached paperboard and stronger markets for other paper products were key factors in the improved performance of the company.
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