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MeadWestvaco Corporation to Close Beverage Packaging Plant
Richmond, Virginia, USA, 13 May 2009 -- MeadWestvaco Corporation (NYSE: MWV) today announced that it will close its Wilmington, North Carolina, beverage packaging plant by August 2009. The closure is part of the company’s accelerated strategic cost management program, announced 15 January 2009, to optimize its manufacturing footprint and strengthen its mix of value-added products and solutions for MWV’s key global markets.

Key equipment from the Wilmington facility will be relocated to MWV’s Lanett, Alabama, beverage packaging plant, and production will be transitioned to other MWV beverage packaging plants. The company’s capacity to supply the beverage market will not be affected.

The closure will affect approximately 105 hourly and salaried employees, who will be eligible for separation benefits in accordance with company policy.

MeadWestvaco Corporation 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 and 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 22,000 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.


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