{"id":692544,"date":"2022-10-05T16:17:02","date_gmt":"2022-10-05T20:17:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\/"},"modified":"2022-10-05T16:17:02","modified_gmt":"2022-10-05T20:17:02","slug":"westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\/","title":{"rendered":"WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility"},"content":{"rendered":"

<\/p>\n

WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility<\/b><\/p>\n

ATLANTA–(BUSINESS WIRE<\/a>)–
\nWestRock Company (NYSE: WRK) today announced it will permanently close the corrugated medium manufacturing operations at its St. Paul, Minnesota, recycled paper mill. The production of coated recycled board at this location will remain in operation.\n<\/p>\n

\nWestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets, and the corrugated medium machinery at the St. Paul location would require significant capital investment to maintain and improve going forward. The shutdown of these assets will result in the reduction of 200,000 tons of annual corrugated medium production.\n<\/p>\n

\n\u201cShutting down operations and impacting the lives of our employees is a difficult decision to make,\u201d said David B. Sewell, chief executive officer at WestRock. \u201cAs we implement our plans to close the corrugated medium operations in St. Paul, we are incredibly appreciative for the many contributions this team has made. We plan to assist these team members in exploring roles at other WestRock locations and with outplacement services.\u201d\n<\/p>\n

\nApproximately 130 jobs will be eliminated by this closure. Employees of WestRock\u2019s St. Paul location will receive severance and outplacement assistance in accordance with Company policy and labor union agreements.\n<\/p>\n

About WestRock<\/b><\/p>\n

\nWestRock (NYSE: WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock\u2019s team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com<\/a>.\n<\/p>\n

Forward-looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our current expectations, beliefs, plans or forecasts and are typically identified by words or phrases such as \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201ctarget,\u201d \u201cprospects,\u201d \u201cpotential\u201d and \u201cforecast,\u201d 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 \u201cRisk Factors\u201d in our annual report on Form 10-K for the year ended September 30, 2021.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20221005005031\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/b>
Robby Johnson, 470-328-6397
\n
Manager, Corporate Communications
\n
robby.b.johnson@westrock.com<\/a><\/p>\n

Investors:
\n<\/b>
Rob Quartaro, 470-328-6327
\n
Senior Vice President, Investor Relations
\n
rob.quartaro@westrock.com<\/a><\/p>\n

\nJames Armstrong, 470-328-6327
\n
Vice President, Investor Relations
\n
james.armstrong@westrock.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Minnesota Georgia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Packaging Manufacturing Finance Other Manufacturing Machinery<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility ATLANTA–(BUSINESS WIRE)– WestRock Company (NYSE: WRK) today announced it will permanently close the corrugated medium manufacturing operations at its St. Paul, Minnesota, recycled paper mill. The production of coated recycled board at this location will remain in operation. WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets, and the corrugated medium machinery at the St. Paul location would require significant capital investment to maintain and improve going forward. The shutdown of these assets will result in the reduction of 200,000 tons of annual corrugated medium production. \u201cShutting down operations and impacting the lives of our employees is a difficult … <\/p>\n

Continue reading “WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-692544","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility ATLANTA–(BUSINESS WIRE)– WestRock Company (NYSE: WRK) today announced it will permanently close the corrugated medium manufacturing operations at its St. Paul, Minnesota, recycled paper mill. The production of coated recycled board at this location will remain in operation. WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets, and the corrugated medium machinery at the St. Paul location would require significant capital investment to maintain and improve going forward. The shutdown of these assets will result in the reduction of 200,000 tons of annual corrugated medium production. \u201cShutting down operations and impacting the lives of our employees is a difficult … Continue reading "WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-05T20:17:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20221005005031r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility\",\"datePublished\":\"2022-10-05T20:17:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\\\/\"},\"wordCount\":495,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20221005005031r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westrock-to-close-corrugated-medium-operations-at-st-paul-minnesota-facility\\\/\",\"name\":\"WestRock to close Corrugated Medium Operations at St. Paul, Minnesota Facility - 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