) has affirmed its vow to purchase wood of its preference which
is certified under the American Tree Farm System (ATFS).
MeadWestvaco will be able to provide an economic and sustainable
supply of paperboard to its customers by implementing this
ATFS is the largest and oldest forest management system in the
U.S. that provides the mechanism to increase certified wood fiber
from family forest owners. The system will help MeadWestvaco as
the majority of wood used in its manufacturing process comes from
privately owned, family forests.
MeadWestvaco reaffirmed its commitment towards forest
certification and promoting market for certified wood by
maintaining a priority market for certified wood over
non-certified wood. Under this program, the company will expand
its current landowner assistance system. MeadWestvaco will also
track information about certified wood which is required in wood
fiber based packaging across its manufacturing operations.
MeadWestvaco, in a bid to maintain its pledge, supports multiple
forest certification systems including ATFS and Sustainable
Forestry Initiatives (SFI) and has registered its forestlands
under SFI to satisfy its customers' demand that the fiber used in
manufacturing is sourced responsibly.
Richmond, Va.-based MeadWestvaco is a global producer of
packaging, coated and specialty papers, consumer and office
products, and specialty chemicals. Among the principal markets
that the company serves are the food, beverage, beauty &
personal care, healthcare, media & entertainment, tobacco and
home & garden industries.
MeadWestvaco currently retains a Zacks Rank #3 (Hold).
Packaging Corp. of America
Berry Plastics Group, Inc.
Graphic Packaging Holding Company
) also belong to the same industry where MeadWestvaco operates.
While both Berry Plastics and Graphic Packaging hold a Zacks Rank
#2 (Buy), Packaging Corp. of America holds a Zacks Rank #1
BERRY PLASTICS (BERY): Free Stock Analysis
GRAPHIC PKG HLD (GPK): Free Stock Analysis
MEADWESTVACO CP (MWV): Free Stock Analysis
PACKAGING CORP (PKG): Free Stock Analysis
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