WestRock to Incur Higher Costs Due to Hurricane Florence
October 3, 2018WestRock Company WRK , which operates an extensive network of mill and converting facilities in South Carolina, North Carolina and Virginia, announced that its facilities have not suffered any material physical damage owing to Hurricane Florence. However, incremental costs in shifting inventory, products and supplies to safeguard against the storm, impact of disrupted operations and increased input, operational and supply chain costs are likely to impair its fourth-quarter fiscal 2018 results.
The company is currently trying to resume operations at its facilities in the impacted region. Before the hurricane made landfall, the company had idled its kraft linerboard mill in Florence, SC. Two of the three paper machines at the mill have now resumed operations.
