WestRock Announces Plans to Construct New Corrugated Box Facility in the Pacific Northwest

Rhea-AI Summary

WestRock Company (NYSE: WRK) has announced plans to construct a new corrugated box plant in Longview, Washington, to meet increasing demand in the Pacific Northwest. The new facility will replace existing operations and enhance integration with the Longview paper mill. CEO David Sewell highlighted that this state-of-the-art plant is expected to improve efficiency and capabilities for customers. This strategic move reflects WestRock's commitment to supporting its regional clients amidst strong market performance.

Positive

• Announcement of a new corrugated box plant in Longview, Washington to meet growing demand.
• The new facility will replace older operations, improving operational efficiency.
• Increased integration with the Longview paper mill's containerboard operations.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- WestRock Company (NYSE:WRK) announced plans today to build a new corrugated box plant in Longview, Washington, to meet the growing demand from WestRock’s regional customers in the Pacific Northwest.

“WestRock’s corrugated packaging business in the Pacific Northwest continues to perform well, with strong relationships with customers in attractive growth markets,” said David B. Sewell, chief executive officer, WestRock. “Our new corrugated packaging plant will enable our team in this region to serve these customers even better in the future, with a state-of-the-art manufacturing facility that will provide new capabilities and efficiencies for our customers.”

The new plant will serve all industry segments and markets in the Pacific Northwest. When completed, this new plant will replace the company’s existing corrugated operations in Longview. The new plant will be co-located with the Longview paper mill operations and will increase the integration of the mill’s containerboard.

Forward-looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding plans to build a new corrugated box plant in Longview, Washington; that we will experience and be able to meet growing demand from our regional customers in the Pacific Northwest; that the new plant will enable us to serve customers even better in the future, with a state-of-the-art manufacturing facility; that the new plant will provide new capabilities and efficiencies for our customers; and that the new plant will increase the integration of Longview paper mill’s containerboard. Forward-looking statements are based on our current expectations, beliefs, plans or forecasts and are typically identified by words or phrases such as “may,” “will,” “could,” “should,” “would,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “prospects,” “potential” and “forecast,” and other words, terms and phrases of similar meaning. Forward looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. We caution readers that forward- looking statements are not a guarantee of future performance and that actual results could differ materially from those contained in forward-looking statements. Our businesses are subject to a number of general risks that would affect any such forward-looking statements. These risks are described in our filings with the Securities and Exchange Commission, including in Item 1A under the caption “Risk Factors” in our annual report on Form 10-K for the year ended September 30, 2021.

About WestRock

WestRock (NYSE: WRK) partners with our customers to provide differentiated, sustainable paper and packaging solutions that help them win in the marketplace. WestRock’s team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220201005466/en/

Investors:

James Armstrong, 470-328-6327

Vice President, Investor Relations

james.armstrong@westrock.com

 

Media:

Courtney James, 470-328-6397

Director, Corporate Communications and Public Relations

courtney.james@westrock.com

 

Source: WestRock Company

FAQ

What are WestRock's plans for the new plant in Longview, Washington?

WestRock plans to build a new corrugated box plant in Longview, Washington to meet increasing demand from regional customers.

How will the new plant affect WestRock's operations?

The new plant will replace existing operations, enhancing efficiency and capabilities while increasing integration with the Longview paper mill.

What is the significance of the new plant for WestRock's customers?

The state-of-the-art facility is expected to improve service and operational capabilities for WestRock's customers in the Pacific Northwest.