During the corresponding time, Westrock Company saw a revenue deteriorated by -10.45 % year on year, sequentially revenue grew by 2.3 %. While revenue at the Westrock Company's corporate clients
Westrock's Comment on Sales, Marketing and Customers
As a result of our vertical integration, our mills’ sales volumes may be
directly impacted by changes in demand for our packaging products. During fiscal
2016, we sold approximately two-thirds of our coated natural kraft mill’s
production and approximately one-fifth of our bleached paperboard production to
our converting operations, primarily to manufacture folding and beverage cartons,
and we sold approximately two-thirds of our containerboard production, including
trade swaps and buy/sell transactions, to our converting operations, to manufacture
corrugated products. Under the terms of our Seven Hills joint venture arrangement,
our joint venture partner is required to purchase all of the qualifying gypsum
paperboard liner produced by Seven Hills. Excluding the Seven Hills production
and our Aurora, IL production converted into book covers and other products, we
supplied approximately two-fifths of our specialty mills’ production in
fiscal 2016 to our converting operations, primarily to manufacture interior partitions.
We have the ability to move our internal sourcing among certain of our mills to
optimize the efficiency of our operations.
Atlanta-based paper and packaging solutions provider, WestRock (NYSE: WRK), has taken another significant step towards achieving its science-based greenhouse gas targets by supporting the first of two Texas-based solar projects. This milestone was made possible through virtual power purchase agreements (VPPAs) entered with ENGIE North America, a subsidiary of ENGIE S.A., a global leader in the net-zero energy transition.The formation of a strategic partnership between WestRock and ENGIE sets the stage for a more sustainable future, as they collaborate to drive the shift towards clean, renewable energy sources. Through VPPAs, WestRock is now actively contributing to reducing its carbon footprint, as well as s...
Westrock’s Comment on Sales, Marketing and Customers
As a result of our vertical integration, our mills’ sales volumes may be
directly impacted by changes in demand for our packaging products. During fiscal
2016, we sold approximately two-thirds of our coated natural kraft mill’s
production and approximately one-fifth of our bleached paperboard production to
our converting operations, primarily to manufacture folding and beverage cartons,
and we sold approximately two-thirds of our containerboard production, including
trade swaps and buy/sell transactions, to our converting operations, to manufacture
corrugated products. Under the terms of our Seven Hills joint venture arrangement,
our joint venture partner is required to purchase all of the qualifying gypsum
paperboard liner produced by Seven Hills. Excluding the Seven Hills production
and our Aurora, IL production converted into book covers and other products, we
supplied approximately two-fifths of our specialty mills’ production in
fiscal 2016 to our converting operations, primarily to manufacture interior partitions.
We have the ability to move our internal sourcing among certain of our mills to
optimize the efficiency of our operations.
Sources:
Westrock Company’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Westrock Company’s corporate clients.
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