MeadWestvaco and India's Council of Scientific and Industrial Research Announce Collaborative Research Initiative
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NEW DELHI, INDIA - March 3, 2008 - Global packaging solutions leader MeadWestvaco Corporation (NYSE: MWV) and the Council of Scientific and Industrial Research (CSIR), a scientific research organisation in India, announced that they have signed an Umbrella Agreement for Research & Development Collaboration (UARDC) to partner in collaborative and sponsored research projects that address critical areas in packaging for consumer, agricultural and transportation applications. The announcement was made recently at New Delhi, India after a meeting between John A. Luke, Jr., chairman and chief executive officer of MeadWestvaco, and Professor S. K. Brahmachari, Director General, CSIR.
"We are thrilled the collaboration with the research community in India will extend our combined capabilities to develop packaging solutions for some critical problems that are encountered by industry and several brand owners," said Mr. Luke. "We are eager to begin working on projects with CSIR and its institutes that we have identified as areas of mutual interest."
The research partnership will focus initially on key issues such as sustainable packaging solutions, process innovations related to biomass conversion and packaging innovations utilizing advanced materials. The research partnership shall be overseen by a Leadership Innovation Committee, with each have three standing members on the Committee, which will be co-chaired by Dr. S Sivaram, Director, National Chemical Laboratory and Dr. Fred Renk, Director of External Technology, MeadWestvaco.
"CSIR is happy to partner with MeadWestvaco on challenging Research and Development activities that will help make tomorrow's world better," said Professor Brahmachari. "We are looking forward to connecting researchers with common purposes and common goals around innovation."
About MeadWestvaco
MeadWestvaco Corporation (NYSE: MWV) provides packaging solutions to many of the world's most-admired brands in the food and beverage, media and entertainment, personal care, home and garden, cosmetics, and healthcare industries. The company has market-leading positions in its Consumer & Office Products and Specialty Chemicals businesses, and operates in more than 30 countries. MeadWestvaco manages all of its forestlands in accordance with internationally recognized forest certification standards, and has been named to the Dow Jones Sustainability World Index for the fourth consecutive year. For more information, please visit us at www.meadwestvaco.com.
About the Council of Scientific and Industrial Research
Council of Scientific and Industrial Research is a premier R&D organization of India, with a chain of 37 research laboratories spread all over the country. CSIR covers a wide spectrum of science and technology. It carries out research of value not only to industry, but also to the other vital sectors of economy. Several national and international companies have strategic linkages with CSIR to jointly develop a new knowledgebase. For more information, please visit www.csir.res.in.
Jennifer I. McMahon
Communications Coordinator
MeadWestvaco Corporation
11013 W. Broad Street
Glen Allen, VA 23060
tel 804-327-7925
cel 804-338-2637
fax 804-327-8163
jim1@meadwestvaco.com
