WestRock Company announced that it has been named to FORTUNE magazine’s annual list of World’s Most Admired Companies for the fourth consecutive year. WestRock ranked second among companies in the packaging and container industry. “WestRock is honored to be recognized by FORTUNE as one of the world’s most admired companies for the fourth consecutive year,” said Steve Voorhees, WestRock chief executive officer. “This ranking recognizes the commitment and dedication of our 50,000 team members around the world to delivering value for our customers and stockholders.” Click read more below for additional detail.
According to the August 2018 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased 11 percent in August compared to August 2017. Total printing-writing paper inventory levels decreased three percent from July. Imports of printing-writing papers in July increased six percent compared to July 2017 imports, while exports declined 24 percent compared to July 2017.
•Shipments of coated mechanical (CM) paper decreased 11 percent year-over-year in August. Inventory levels decreased six percent. Exports of CM papers increased five percent in July compared to July 2017.
•Shipments of uncoated mechanical (UM) papers decreased 21 percent year-over-year in August. Imports of UM decreased two percent year-over-year in July. Exports of UM decreased 70 percent year-over-year in July.
•Shipments of uncoated free sheet (UFS) paper and coated free sheet (CFS) papers both decreased year-over-year in August. July imports of UFS papers increased 37 percent compared to July 2017, while imports of CFS papers increased two percent compared to last July.