BusinessJune 4, 2001
MEMO: WESTVACO EARNINGS UP IN SECOND QUARTER
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, reported second-quarter sales and earnings. The company, with headquarters in New York, reported sales of $921 million, up from the $905 million during the same period a year ago. Operating profits were $48 million, down from $87 for the same period in 1999. Operating profit declined due to lower demand and prices for bleached and unbleached paperboard and linerboard...
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, reported second-quarter sales and earnings.
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The company, with headquarters in New York, reported sales of $921 million, up from the $905 million during the same period a year ago. Operating profits were $48 million, down from $87 for the same period in 1999. Operating profit declined due to lower demand and prices for bleached and unbleached paperboard and linerboard.
Westvaco, which includes a paper-processing facility at Wickliffe, Ky., purchases timber from a number of Southern Illinois and Southeast Missouri timber growers.
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