MeadWestvaco Third-Quarter Net Income Falls, Chemical Markets Grow

The Associated Press reports, packaging company MeadWestvaco Corp. said its net income from continuing operations fell 9 percent in the third quarter. The MeadWestvaco said it earned $111 million for the period ended Sept. 30, down from $122 million a year ago. MeadWestvaco also says its sales grew more than 3 percent to $1.56 billion in the quarter, helped by growth in its packaging resources and specialty chemicals segments. Sales in emerging markets have grown by about 12 percent in the quarter, driven by strength in Brazil and China.

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