WestRock Maintains Top Industry Position in Fortune 500 Rankings

Rhea-AI Summary

For the second consecutive year, WestRock (NYSE: WRK) has ranked first in the Packaging and Containers industry on the Fortune 500 list. The list recognizes the 500 largest U.S. corporations by total revenue for the 2023 fiscal year. WestRock maintained its top industry position with $20.3 billion in annual revenue.

The company released its 2023 Sustainability Report in May, showcasing innovations aimed at replacing plastic with fiber-based materials. Technologies like Cluster-Clip™, EnduraGrip™, and PETCollar™ Shield Plus were highlighted. Notably, the EnduraGrip™ packaging solution won Innovation of the Year at the North American Paperboard Packaging Competition.

Positive

• WestRock ranked first in the Packaging and Containers industry on the Fortune 500 list.
• $20.3 billion in annual revenue reported.
• Release of the 2023 Sustainability Report highlighting new innovations.
• Notable technologies include Cluster-Clip™, EnduraGrip™, and PETCollar™ Shield Plus.
• EnduraGrip™ was awarded Innovation of the Year at the North American Paperboard Packaging Competition.

Negative

• The press release does not mention any potential risks or challenges faced by WestRock.
• There is no information on the company's expenses or profit margins.
• The PR lacks details on market competition or economic factors that could impact future performance.
• No discussion of any setbacks or delays in their sustainability initiatives or technological developments.

ATLANTA--(BUSINESS WIRE)-- For the second consecutive year, WestRock (NYSE:WRK), a leading provider of sustainable fiber-based packaging solutions, has ranked first in the Packaging and Containers industry category on the Fortune 500 list compiled by Fortune Magazine.

The prestigious list recognizes the 500 largest corporations in the United States by total revenue for the 2023 fiscal year. WestRock rose to the top of its industry in 2022 and maintained its position in 2023 with $20.3 billion in annual revenue.

The Company released its 2023 Sustainability Report in May, highlighting new innovations to replace plastic with fiber-based materials and develop alternative packaging solutions using technologies such as Cluster-Clip™, EnduraGrip™, and PETCollar™ Shield Plus. Its EnduraGrip™ packaging solution was awarded Innovation of the Year during the 2023 North American Paperboard Packaging Competition.

For more information about WestRock or to read the 2023 Sustainability Report, please visit westrock.com/sustainability.

About WestRock

WestRock (NYSE: WRK) is a global leader in sustainable paper and packaging solutions, with more than 50,000 teammates in the Americas, Europe and Asia-Pacific. Our integrated packaging capabilities offer end-to-end solutions to help customers address their greatest challenges.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240605193682/en/

Robby Johnson, 470-328-6979

Senior Manager, Corporate Communications

robby.b.johnson@westrock.com

Source: WestRock Company

FAQ

What is WestRock's ranking in the Packaging and Containers industry on the Fortune 500 list?

WestRock ranked first in the Packaging and Containers industry on the Fortune 500 list.

What is WestRock's annual revenue for the 2023 fiscal year?

WestRock reported $20.3 billion in annual revenue for the 2023 fiscal year.

What innovations did WestRock highlight in its 2023 Sustainability Report?

WestRock highlighted innovations like Cluster-Clip™, EnduraGrip™, and PETCollar™ Shield Plus in its 2023 Sustainability Report.

Which WestRock packaging solution won an award in 2023?

WestRock's EnduraGrip™ packaging solution won Innovation of the Year at the 2023 North American Paperboard Packaging Competition.

What is the stock symbol for WestRock?

The stock symbol for WestRock is WRK.