Welcome to our dedicated page for Westrock news (Ticker: WRK), a resource for investors and traders seeking the latest updates and insights on Westrock stock.
WestRock Co. provides sustainable fiber-based paper and packaging solutions through integrated packaging capabilities serving customers across the Americas, Europe, Asia-Pacific and Australia. Company news commonly covers corrugated packaging capacity, including regional operations for the Great Lakes market, and product innovation aimed at replacing plastic with fiber-based materials.
Recurring WestRock updates also include sustainability reporting, renewable energy agreements tied to greenhouse gas reduction targets, operating and financial results, dividend declarations, capital-structure disclosures and stockholder governance matters. Coverage of the company centers on packaging demand, manufacturing footprint, sustainability initiatives and public-company actions affecting its common stock.
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WestRock Company (NYSE: WRK) will participate in the virtual Stephens 2020 Investment Conference on November 17, 2020. CEO Steve Voorhees is set to present at 11:00 am ET, discussing the company's business and addressing audience inquiries. This event will be webcast and available for replay on WestRock's official website. WestRock specializes in offering differentiated paper and packaging solutions, supporting customers globally from multiple regions including North America, Europe, and Asia.
WestRock Company (NYSE: WRK) announced the retirement of Jim Porter, president of Business Development & Latin America, effective December 31, 2020. Jim, with a 46-year career, will remain active as a representative on the board of the Grupo Gondi joint venture and as an advisor. He has played a key role in expanding WestRock’s corrugated packaging business and operations in Latin America, including Brazil and Mexico. CEO Steve Voorhees praised his leadership and expertise, which significantly contributed to the company's growth.
WestRock Company (NYSE: WRK) has declared a quarterly dividend of $0.20 per share on its common stock. The dividend will be payable to stockholders of record as of the close of business on November 13, 2020, with payment scheduled for November 24, 2020. WestRock continues to collaborate with customers globally to provide innovative paper and packaging solutions, enhancing their market competitiveness.
WestRock Company (NYSE: WRK) announced it will host a conference call on November 5, 2020, at 8:30 am ET to discuss its fourth quarter and fiscal year 2020 results. The financial results will be released prior to market open on the same day. Investors can access the live webcast and presentation materials on WestRock's investor relations website. Participation in the teleconference requires dialing in at least 15 minutes early with the passcode 4466644.
WestRock Company (NYSE: WRK) is set to reduce its solid bleached sulphate (SBS) production capacity by 200,000 tons by shutting down one paper machine at its Evadale, Texas, mill. This decision will lead to a headcount decline of 60 employees by the end of 2020. Despite this reduction, the remaining machines will support key markets such as liquid packaging and food service. WestRock believes this capacity cut will enhance competitiveness and improve service efficiency amidst challenging economic conditions.