Friday, 21 September 2018 06:55

WestRock Provides Update Following Hurricane Florence

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WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, has just provided an update following the landfall of Hurricane Florence.

2015 10 18 094836We are pleased that we have had no reported employee injuries and do not believe we have suffered any material physical damage to our facilities during the recent storm. We are working to restore normal operations at our facilities in the impacted region. We idled our kraft linerboard mill in Florence, South Carolina, in the middle of last week in advance of the landfall of Hurricane Florence. Yesterday, two of the three paper machines at the mill resumed operations, and we expect normal operations to resume after the transportation network in the region returns to normal.

WestRock operates an extensive network of mill and converting facilities in South Carolina, North Carolina and Virginia that were in the storm’s potential path. We incurred incremental costs in preparing these facilities and moving inventory, finished product and critical supplies in advance of the storm.  With flooding expected across the region, we may have additional increased input and operational costs and issues in our supply chain, as well as experience negative impact from disruptions at our customers’ locations. We expect to provide an estimate as to the impact on our business and financial results later this month.

About WestRock
WestRock (NYSE: WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Read 223 times Last modified on Friday, 21 September 2018 06:57