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MeadWestvaco Corporation
MWV, a global leader in packaging and
packaging solutions announced an expected second quarter 2013 segment profit
range for the Food and Beverage business segment. The company now expects
profit for the Food & Beverage segment to be between $45 and $50 million for
the second quarter of 2013. The decline in year-over-year performance largely
resulted from unanticipated costs and lower productivity associated with a
planned major maintenance outage and subsequent start-up issues at the
Covington, Va., paperboard mill. Operational impacts related to the
implementation of a new information system at the mill also negatively
affected segment profits. The start-up issues associated with the outage have
been addressed, and the mill is now operating at full capacity.
MWV will release its second quarter 2013 results on Tuesday, July 30, 2013,
before the market opens.
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