MWV to close carton plants.MeadWestvaco Corp. (MWV MWV MeadWestVaco Corp (stock symbol) MWV Mineralölwirtschaftsverband eV mWv Mit Wirkung Vom (German: With Effect Of) MWV MovieWorks File (file extension) ), Stamford, Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. , USA, said it will close its folding carton The folding carton created the packaging industry as it is known today, beginning in the late 19th century. Basically, a folding carton is made of paperboard, and is cut, folded, laminated and printed for transport to manufacturers. plants in Richmond, Virginia Richmond IPA: [ɹɯʒmɐnɖ] is the capital of the Commonwealth of Virginia, in the United States. , and Cleveland, Tennessee, by the end of June. The plants convert paperboard into printed packaging for consumer products using the gravure printing process and are part of MWV's packaging business. The Richmond plant employs approximately 320 people, and the Cleveland facility employs approximately 135. The decision will not affect MWV's corporate operations in Richmond. These plant closings will result in MWV incurring a pre-tax charge of approximately US$ 9 million that it will take in the first quarter. This charge is primarily associated with employee restructuring benefits and asset write-downs. |
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