Hartsville, South Carolina

Dan Meier, Global Consumer Supply Chain Lead, Becomes an Oliver Wight Principal

Retrieved on: 
Monday, August 2, 2021
Supply chain management, Companies, Hartsville, South Carolina, Sonoco, Economy of the United States, Supply chain, Science and technology in the United States, DuPont

Proudly, Oliver Wight announces its association with Dan Meier, formerly with Sonoco and prior with Dupont.

Key Points: 
  • Proudly, Oliver Wight announces its association with Dan Meier, formerly with Sonoco and prior with Dupont.
  • Dan served as Supply Chain Program Leader and Consultant, overseeing Dupont's supply chain programs and implementing Integrated Business Planning.
  • Dan brings expertise and a deep understanding of all aspects of manufacturing, supply chain, and operations management through his experience acquired over the past 39+ years.
  • At Sonoco, Dan was the Director of Supply Chain for the Global Consumer Segment and later the Global Plastics Division Supply Chain.

Sonoco Releases Corporate Responsibility Report

Retrieved on: 
Wednesday, July 28, 2021
Articles, Hartsville, South Carolina, Sonoco, Labels, Product management, Packaging and labeling, Recycling, Sustainability

HARTSVILLE, S.C., July 28, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today released its 2020-21 Corporate Responsibility Report, highlighting the Companys new 2030 commitments to reduce energy usage, greenhouse gas emissions, water usage and wastes along with ongoing efforts to achieve greater packaging sustainability and recycling.

Key Points: 
  • HARTSVILLE, S.C., July 28, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today released its 2020-21 Corporate Responsibility Report, highlighting the Companys new 2030 commitments to reduce energy usage, greenhouse gas emissions, water usage and wastes along with ongoing efforts to achieve greater packaging sustainability and recycling.
  • The full report, Committed to our Purpose, Our People and Our Planet, is available here .
  • Founded in 1899, Sonoco (NYSE: SON) is a global provider of consumer, industrial, healthcare and protective packaging.
  • Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging.

Sonoco Commits to Ambitious 2030 Goals to Further Reduce Environmental Footprint

Retrieved on: 
Thursday, July 8, 2021
Physical sciences, Articles, Climate change policy, Natural sciences, Hartsville, South Carolina, Sonoco, Climate change mitigation, Sustainability

Sonoco has committed to reduce absolute scope 1 and 2 greenhouse gas emissions by 25 percent by 2030 from a 2020 base year.

Key Points: 
  • Sonoco has committed to reduce absolute scope 1 and 2 greenhouse gas emissions by 25 percent by 2030 from a 2020 base year.
  • Sonoco has been dedicated to reducing its environmental footprint for many years.
  • According to Elizabeth Rhue, Staff Vice President of Sustainability, Sonoco will drive commitments to its greenhouse gas reduction goals by incorporating sustainability and environmental metrics into business unit goals and management incentives.
  • Founded in 1899, Sonoco (NYSE: SON) is a global provider of consumer, industrial, healthcare and protective packaging.

Sonoco Updates $115 Million Project Horizon Progress

Retrieved on: 
Wednesday, July 7, 2021
Hartsville, South Carolina, Sonoco, Paperboard, Paper recycling, HARTSVILLE, Packaging, Companies, Materials, Charles W. Coker

HARTSVILLE, S.C., July 07, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today provided a progress report on Project Horizon, its $115 million investment to transform its corrugated medium machine in Hartsville, S.C. to a state-of-the-art uncoated recycled paperboard operation with annual production capacity of 180,000 tons.

Key Points: 
  • HARTSVILLE, S.C., July 07, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today provided a progress report on Project Horizon, its $115 million investment to transform its corrugated medium machine in Hartsville, S.C. to a state-of-the-art uncoated recycled paperboard operation with annual production capacity of 180,000 tons.
  • Based on the progress of Project Horizon, the Company now expects to permanently shut down its Hartsville #1 and #9 URB cylinder machines which will reduce annual capacity by approximately 70,000 tons.
  • Sonoco is one of the worlds leading producers of URB with the capability of producing approximately 2 million tons annually.
  • Sonoco management will host a conference call and webcast to review its second quarter 2021 earnings and provide an update on Project Horizon beginning at 11 a.m.

Sonoco Gears Up for Summer Rollout of Recyclable Sonopost® Technology in Europe

Retrieved on: 
Wednesday, June 30, 2021
Hartsville, South Carolina, Sonoco, Packaging and labeling, Companies, Economic taxonomy

HARTSVILLE, S.C., June 30, 2021 (GLOBE NEWSWIRE) -- Sonoco Protective Solutions, a division of global packaging and sustainability leader Sonoco (NYSE: SON), today announced the expansion of its proprietary Sonopost packaging technology into Europe.

Key Points: 
  • HARTSVILLE, S.C., June 30, 2021 (GLOBE NEWSWIRE) -- Sonoco Protective Solutions, a division of global packaging and sustainability leader Sonoco (NYSE: SON), today announced the expansion of its proprietary Sonopost packaging technology into Europe.
  • Utilizing current manufacturing infrastructure, strategically located to support this growing opportunity, Sonoco Protective Solutions will expand with a new Sonopost manufacturing operation in Sochaczew, Poland this summer.
  • With industry leading Sonopost technology, we have the privilege of helping European manufacturers make significant progress toward their sustainability goals.
  • Founded in 1899, Sonoco (NYSE: SON) is a global provider of consumer, industrial, healthcare and protective packaging.

Sonoco Announces Price Increase for Paperboard Tubes and Cores

Retrieved on: 
Wednesday, June 23, 2021
Water conservation, Packaging, Paper, Containers, Packaging materials, Hartsville, South Carolina, Sonoco, Paperboard, Materials, Tube, Paper recycling, Recycling

This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material which remains in very tight supply.

Key Points: 
  • This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material which remains in very tight supply.
  • Additionally, we continue to experience significant inflationary pressures in adhesives, packaging and logistics costs, said Mike Thompson, Director of Sales and Marketing for Sonocos North America Tubes and Cores Division.
  • Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries.
  • For more information about Sonocos complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Companys website www.sonoco.com or contact the Company at 800-377-2692.

Sonoco Implementing Price Increase for Uncoated Recycled Paperboard

Retrieved on: 
Monday, June 21, 2021
Water conservation, Paper, Hartsville, South Carolina, Sonoco, Articles, Paperboard, Paper recycling, Materials, Packaging and labeling, Recycling, HARTSVILLE

HARTSVILLE, S.C., June 21, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 15, 2021.

Key Points: 
  • HARTSVILLE, S.C., June 21, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 15, 2021.
  • Sonoco said the price increase was in response to continuing strong demand across its U.S. and Canada mill network which has driven order backlogs to near historical levels as well as stepped up inflationary pressures from energy, freight, papermaking chemicals and packaging materials.
  • Founded in 1899, Sonoco is a global provider of consumer, industrial, healthcare and protective packaging.
  • Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging.

Sonoco ThermoSafe and Cathay Pacific Cargo Expand Partnership to Include Leasing of Pegasus ULD® Containers

Retrieved on: 
Wednesday, May 19, 2021
Hartsville, South Carolina, Sonoco, Freight transport, Shipping container, Transport, Cargo, Industry economics), Economic taxonomy

b"ARLINGTON HEIGHTS, Ill., May 19, 2021 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and the leading global provider of temperature assurance packaging, and Cathay Pacific Cargo, one of the world\xe2\x80\x99s largest air cargo carriers, announced an expanded global partnership agreement for the leasing of the new Pegasus ULD\xc2\xae temperature controlled bulk shipping container.

Key Points: 
  • b"ARLINGTON HEIGHTS, Ill., May 19, 2021 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and the leading global provider of temperature assurance packaging, and Cathay Pacific Cargo, one of the world\xe2\x80\x99s largest air cargo carriers, announced an expanded global partnership agreement for the leasing of the new Pegasus ULD\xc2\xae temperature controlled bulk shipping container.
  • With a focus on sustainability, the Pegasus is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers.
  • More information can be found at www.thermosafe.com .\nFounded in 1899, Sonoco is a global provider of consumer, industrial, healthcare and protective packaging.
  • Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging.

Sonoco Announces $150 Million Accelerated Share Repurchase

Retrieved on: 
Tuesday, May 11, 2021
Stock market, Hartsville, South Carolina, Sonoco, Share repurchase, Accelerated share repurchase, ASR, Repurchase agreement, Companies

b"HARTSVILLE, S.C., May 11, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global diversified packaging companies, today announced an agreement to repurchase $150 million of its outstanding common shares in an accelerated share repurchase (\xe2\x80\x9cASR\xe2\x80\x9d) transaction with Wells Fargo Bank, N.A., using available cash on hand.\nUnder the ASR agreement, Sonoco will pay $150 million in exchange for an initial delivery of approximately 1.75 million shares.

Key Points: 
  • b"HARTSVILLE, S.C., May 11, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global diversified packaging companies, today announced an agreement to repurchase $150 million of its outstanding common shares in an accelerated share repurchase (\xe2\x80\x9cASR\xe2\x80\x9d) transaction with Wells Fargo Bank, N.A., using available cash on hand.\nUnder the ASR agreement, Sonoco will pay $150 million in exchange for an initial delivery of approximately 1.75 million shares.
  • The final number of shares to be repurchased under the ASR will be based on the Company\xe2\x80\x99s volume-weighted average share price during the repurchase period, less a discount and subject to adjustments.
  • This authorization restored and replaced the Company\xe2\x80\x99s prior residual repurchase authorizations and allows the Company to repurchase shares through the open market, privately negotiated transactions or other programs.
  • Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging.

Sonoco Declares Regular Quarterly Common Stock Dividend; Board Authorizes Share Repurchases

Retrieved on: 
Wednesday, April 21, 2021
Dividends, Financial markets, Corporate finance, Hartsville, South Carolina, Sonoco, Common stock dividend, Companies, Stock market

b'HARTSVILLE, S.C., April 21, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today declared a $0.45 per share quarterly common stock dividend.

Key Points: 
  • b'HARTSVILLE, S.C., April 21, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today declared a $0.45 per share quarterly common stock dividend.
  • Sonoco has one of the longest records of paying dividends to shareholders in the packaging sector and the Company has raised dividends for 38 consecutive years.
  • This new authorization restores and replaces the Company\xe2\x80\x99s prior residual repurchase authorizations, and it allows the Company to repurchase shares through the open market, privately negotiated transactions or other programs.
  • Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging.