MWV AGI Media to Close Plant in The Netherlands
Uden, The Netherlands, 11 December 2008 – MeadWestvaco (MWV) AGI Media today announced plans to close its Uden facility in the Netherlands. The Uden plant manufactures paper-based packaging for the media and entertainment industry. The facility is expected to discontinue operations by February 2009.
Some production will transfer to other MWV AGI Media plants, and the company’s capacity to meet customers’ needs will not be affected. Closure of the Uden facility will optimize the company’s operations and resources, enabling MWV AGI to more efficiently serve its media customers around the world.
“The decision to close the Uden facility is a difficult but necessary one,” said SteveScherger, president MWV AGI Media. “In order to remain competitive and positioned for long-term growth, we must take steps that will deliver cost and operational efficiencies.”
The Works Council at Uden has been fully involved in the plan and the necessary redundancy program, which is compliant with Dutch law. The Uden facility employs approximately 60 people.
About AGI Media
AGI Media has been the leading supplier of media packaging and creative services for more than 30 years to the audio, video, and multimedia markets, and also supplies solutions for the software and telecommunications sectors.
MeadWestvaco Corporation (NYSE: MWV), provides packaging solutions to many of the world’s most admired brands in the healthcare, personal and beauty care, food, beverage, media and entertainment, and home and garden industries. The company's businesses include Consumer & Office Products, Specialty Chemicals, and the Community Development & Land Management Group, which sustainably manages the company’s land holdings to support its operations, and to provide for conservation, recreation, and development opportunities. With 23,000 employees worldwide, MWV operates in 30 countries and serves customers in more than 100 nations. MWV manages all of its forestlands in accordance with internationally recognized forest certification standards, and has been named to the Dow Jones Sustainability World Index for the fifth consecutive year.
For more information, visit www.mwv.com.