MeadWestvaco
Corporation, a global leader in packaging and packaging solutions announced
that total sales in the fourth quarter of 2012 increased 4 percent to $1.33
billion compared to fourth quarter of 2011. Excluding the effect of unfavorable
foreign currency exchange, sales grew 6 percent due to increased volume of
higher value products across most of the company's targeted packaging and
specialty chemicals markets, as well as from higher land sales. During the
quarter, the company had gains from its commercial excellence and innovation
initiatives that resulted in volume and market share growth in medical
dispensers, fragrance sprayers, beverage multi-packs, aseptic liquid packaging,
targeted food packaging and new chemical formulations for adhesives and
oilfield drilling markets. The company also benefited from the acquisitions of
Polytop (caps and closures), Ruby Macons Ltd. (corrugated packaging materials)
and Resitec (specialty chemicals).
