MeadWestvaco Corp. has reported second-quarter profits of $56 million, up from $28 million the same quarter a year ago. Strong revenue performance driven by price increases, sales in emerging markets and growth in global packaging more than offset $64 million in higher energy, wood and freight costs.

Said CEO John Luke: “While we continue to address cost challenges by going after price increases in the marketplace, we are also pressing ahead with our profitable growth strategy – including a focus on innovative solutions, growth in emerging markets and relentless productivity improvement. The overall progress of our global packaging business demonstrates that these strategies are working, and are helping us continue to build a sustainable competitive advantage in the global marketplace.” More.