MWV to Improve Power Infrastructure at Covington, Virginia Mill; Invest $285M

MeadWestvaco Corporation MWV today announced that it will construct a new, state-of-the-art biomass boiler and upgrade associated power infrastructure at its Covington, Virginia, facility. This $285 million investment positions the facility for profitable growth and will further its competitive advantage in providing high quality paperboard packaging for the global food, healthcare and tobacco markets. This economically attractive project allows the mill to become self-sufficient in electrical power and steam generation and significantly reduces ongoing operating and maintenance costs.