MWV expands paper capacity by 500 TPDMeadWestvaco to develop new substrates for corrugated packagingIn January 2015, MeadWestvaco (MWV), one of the largest container board and packaging manufacturers, with presence in over 30 nations worldwide, and revenues of US$ 5.6 billion agreed to merge with Rock-Tenn, the second-largest producer of paper board and packaging solutions in North America, with revenues of US$ 10 billion. The merger of these two Fortune 500 companies according to Bloomberg would increase the global footprint of Rock-Tenn and improve its cash reserves while expanding the product portfolio of MWV significantly.
Lon Rollinson, president, MWV India Paper Board PackagingPackaging South Asia spoke to Lon Rollinson, president, MWV India
Paper Board Packaging that has a business presence in India since the
last 25 years. “We are excited about the many opportunities that will be
possible when MWV and Rock-Tenn merge sometime in the second quarter.
Until that time, we are operating as two separate companies and don’t
have any comment at this point about our combined capabilities —
including any impact on our business in India,” says Rollinson.
Acquisition of box making unit
MWV began its business dealings in India during the early 90s, they
started investing in building domestic production capacities in 2011,
when they acquired a box making plant at Pune. “We fully acquired a box
making plant in Pune to introduce high quality humidity resistant
corrugated packaging solutions to the fruits, vegetables, FMCG, consumer
durables, automotive and engineering goods segments in India,” says
MWV’s paper operations in India produce between
175,000 and 200,000 metric tonnes of FSC certified recycled fiber-based
corrugating papers ranging from 115 gsm to 440 gsm. “The India box
making operations convert around 8,000 to 10,000 metric tonnes of
material each year,” says Rollinson.
“The paperboard packaging
business provides high quality corrugated packaging solutions that are
best positioned to address our customers’ needs for quality,
consistency, and productivity. It also reduces their total costs of
ownership by preserving the desired performance of their products
through the supply chain. Our focus in India is to grow our packaging
operations in the secondary and tertiary packaging segment as well as
grow in the container board segment. Apart from this we are looking to
expand speciality packaging with coated and non-coated paper,” adds
Rollinson. MWV confirmed that they have no security packaging operations
in India currently.