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Issue 1, Volume 1 - January 3, 2007
Article by Peter Galuszka
Relocation of its corporate headquarters to the Greater Richmond region is a keystone of MeadWestvaco’s strategy to drive down costs and build a global, technology-driven packaging giant.
MeadWestvaco has deep roots in Virginia. In Chesterfield County some 200 of its employees have performed back-office functions such as accounting and human resources, and for years, a plant in south-side Richmond supplied cigarette cartons to Philip Morris USA.
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MeadWestvaco Corp. has chosen downtown Richmond for its permanent headquarters.
The Fortune 500 company plans to move from a Henrico County site into a multistory, riverfront office to be built on Byrd Street between Fifth and Seventh streets, company executives said yesterday.
The 4-acre site, now a parking lot for the Federal Reserve Bank, is owned by Richmond-based NewMarket Corp. The company, formerly Ethyl Corp., has been planning to develop the land as part of a project named Foundry Park.
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Greater Richmond: Corporate Headquarters Capital, a quarterly website/newsletter, tracks the business activities and successes of Fortune 1000 and privately held companies whose world headquarters are located in the Richmond region of Virginia.
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