On 1 July 2015, WestRock Company announced that it had begun operations following the completion of the combination of MeadWestvaco Corporation and Rock-Tenn Company. WestRock is one of the world’s largest paper and packaging companies with US$ 15 billion in annual revenue and 42,000 employees in 30 countries.
The company aspires to be the premier partner and unrivalled provider of paper and packaging solutions in consumer and corrugated markets. It will support customers from approximately 275 operating and business locations around the world, including the most comprehensive substrate offering in the industry and a wide variety of packaging solutions for diverse end markets from food and beverage to personal care and healthcare.
“We are excited about the opportunity we have to win together with our customers, suppliers, shareholders, employees and our communities—all of whom stand to benefit from our expertise in developing and delivering paper and packaging solutions around the world and our determination to exceed customer expectations,” said Steve Voorhees, CEO, WestRock Company. WestRock will report third quarter earnings after the market close on 29 July 2015.
The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.
A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has
demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.
As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.
The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.
Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.
In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what
you need. Speak and write to our editorial and advertising teams!
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