Displaying items by tag: sonoco

Sonoco (NYSE:SON) has just announced it is implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada. 

Sonoco previously announced a URB price increase of $40 to $60 per ton in October 2016, and the Company is revising the increase for all grades to $60 per ton, effective with shipments beginning February 6, 2017.

“This increase is necessary to capture higher recycled fiber and other costs so we can continue providing high-quality, value-adding products to our customers,” said Palace Stepps, division vice president of sales and marketing for Sonoco’s U.S. and Canada paper and adhesives.

Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at 1-800-377-2692.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $5.0 billion, the Company has 20,000 employees working in more than 300 facilities in 34 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

Sonoco (NYSE:SON), one of the largest global diversified packaging companies, today announced it will invest $20 million in the development of a new packaging center to support Duracell’s new North America battery packaging operation. 

Sonoco’s Display and Packaging unit will be located in Duracell’s new leased facility in the Atlanta area. Sonoco will install and operate state-of-the-art primary packaging equipment at the new center and provide all packaging materials. In addition, the Company will produce retail merchandising displays which will also be packed out at the same facility.

“This unprecedented go-to-market packaging solution for Duracell is unlike any effort provided in our industry,” said Jack Sanders, Sonoco president and chief executive officer. “Because Sonoco is a solutions company which offers multiple packaging products and services, we are able to meet all of Duracell’s unique packaging and retail merchandising needs.”

Full production is expected in the fourth quarter of 2018. Sales of packaging and services annualized over the five-year contract period are expected to be more than $50 million.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the Company has 20,000 employees working in more than 300 operations in 35 countries, serving some of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

About Duracell
Started in the 1920’s, the Duracell brand and company was recently acquired by Berkshire Hathaway, Inc. and has grown to be the leader in the single-use battery market in North America.  Its iconic brand is known the world over. Duracell products are trusted in the devices that keep people connected, protect their families, entertain them, and simplify their increasingly mobile lifestyles.  Berkshire Hathaway is a $210 billion holding company owning subsidiaries that engage in diverse business activities. Visit www.duracell.com for more

Sonoco, one of the largest diversified packaging companies, has awarded a Sonoco Sustainability Star Award to its Alpha facility in Beavercreek, Ohio, for driving landfill reduction through improved waste stream management.

The Alpha plant implemented a plan to divert from waste streams skiver dust, a byproduct of the paperboard container manufacturing process. Skiver dust is created when cans are cut, similar to sawdust. The plant began diverting this waste to a local solidification partner at the beginning of the year, and has been diverting 40 tons of skiver dust per month from landfills since March 2016.

“The Alpha plant has found a creative way to significantly reduce our waste to landfill at that facility, while also reducing costs to the company,” said Mike Pope, general manager and president, Sonoco Recycling. “Their work is a great example of how to find solutions with multiple benefits to the company and the community – environmental, financial and operational.”

A recycling leader with locations and expertise worldwide, Sonoco Recycling annually collects more than 3 million tons of old corrugated containers, various grades of paper, metals and plastics. In addition, the Company has experts who provide secure, reliable and innovative recycling solutions to residential and commercial customers. Currently, Sonoco Recycling operates four material recovery facilities (MRFs) serving more than 125 communities in which curbside-collected residential as well as commercial materials are processed. The Company also operates recycling programs, which identify waste reduction opportunities that reduce operating expenses for many of the largest consumer product companies in the United States.

About Sonoco:

Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the Company has 20,000 employees working in more than 300 operations in 35 countries, serving some of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

Sonoco (NYSE:SON), one of the largest diversified global packaging companies, has donated $50,000 to the American Red Cross to aid in Hurricane Matthew relief efforts in the Southeast.

Sonoco has been headquartered in Hartsville, S.C., since its inception in 1899, and about 2,000 of its employees currently call South Carolina home. Sonoco’s Hartsville headquarters and manufacturing operations were impacted by the storm, as were locations in Florida, Georgia and North Carolina, and many of its employees, their families and their friends are facing hardships after the historic hurricane. 

“We have all been touched by Hurricane Matthew over the past several days,” said Jack Sanders, president and CEO of Sonoco. “Like during the historic floods just one year ago, as we rebuild, I have no doubt that the resiliency and faith of our citizens will continue to shine through this crisis.”

“Thanks to generous donors, like Sonoco, all Red Cross disaster assistance is free,” said Louise Welch Williams, regional chief executive officer of the American Red Cross, Palmetto SC Region. “From shelters, food and emotional support, to working with families to help them with their long-term recovery, the Red Cross provides comfort and support after a disaster through the generosity of businesses and individuals.”

Sonoco asks other companies and individuals throughout the region to support hurricane recovery efforts by donating and volunteering with the American Red Cross and other agencies. To donate to the relief efforts, visit www.redcross.org/SC.  

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the Company has 20,800 employees working in more than 330 operations in 35 countries, serving some of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

About the American Red Cross:
The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the nation's blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit redcross.org/SC or follow us on Twitter @RedCrossSC.

Sonoco (NYSE:SON) have just announced it will raise the price for all paperboard tubes and cores by 6 percent to 10 percent, effective with shipments in the United States and Canada, beginning October 24, 2016.

“This price increase, our first in more than a year, is necessary due to the recent increase in costs for uncoated recycled paperboard, our primary raw material, combined with price escalations in energy, labor and other input costs,” said James Harrell, vice president for Sonoco’s 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 Sonoco’s complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at +800-377-2692.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and display and packaging supply chain services. With annualized net sales of approximately $5.0 billion, the Company has 21,000 employees working in more than 300 facilities in 34 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

Sonoco-Alcore S.a.r.l. has just announced it will raise prices by €40 per tonne on all recycled paperboard grades sold in the Company's Nordic, Central European and Greek regions. The price change is effective with shipments on or after October 17th, 2016.

"This price increase is in response to the continuing rise of raw material costs, which are now at the point where we need to pass on to the market," said Phil Woolley, director, Paper Europe. "We are experiencing this effect across all European countries and follows on from the previously announced increase in the UK in August."

Sonoco-Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe, including the Company's largest European uncoated recycled paperboard mill in Cirie, Italy.

Sonoco (NYSE:SON) has just announced that it will raise the price for all grades of uncoated recycled paperboard (URB) products by $40 to $60 per ton depending on grade, effective with shipments in the United States and Canada, beginning October 3, 2016. 

“It is critically important in a mature business, such as our paper business, to run our operations efficiently and provide a return that justifies continued investment,” said Palace Stepps, director of sales and marketing for Sonoco’s North America paper business. “The increase is necessary to capture generally higher operating costs so we can continue providing high-quality, value-adding products to our customers.”

Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at 1-800-377-2692.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $5.0 billion, the Company has 21,000 employees working in more than 300 facilities in 34 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

Sonoco-Alcore S.a.r.l. has just announced it will raise prices for paper-based tubes and cores by up to 8 percent, depending on product category, to all customers in Europe, effective from shipments beginning on October 1, 2016.

"The increase follows a recent rise in coreboard prices across Europe driven predominantly by higher raw material costs," said Karsten Kemmerling, Director of Sales and Marketing - Tubes and Cores, Europe. "We continue to do all we can to maintain tight cost control, but with coreboard a dominant part of our cost, we are unable to offset recent price increases." 

Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and five paperboard mills in Europe.

Sonoco-Alcore S.a.r.l. has just announced it will raise prices by £40 per tonne on all recycled paperboard grades sold in the United Kingdom. The price change will be effective with shipments on or after August 15, 2016.

"This price increase is in direct response to rising raw material costs," said Phil Woolley, director, Paper Europe. "We will continue to monitor market conditions to determine if additional pricing actions will be required in other European markets."

Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe, including the Company's uncoated recycled paperboard mill in Stainland, U.K.

About Sonoco

Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the Company has 20,800 employees working in more than 330 operations in 34 countries, serving some of the world's best known brands in some 85 nations. Sonoco is a proud member of the 2015/2016 Dow Jones Sustainability World Index. For more information on the Company, visit our website at  www.sonoco.com

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Sonoco Products Company

Sonoco-Alcore S.a.r.l. has just announced it will raise prices by €40 per tonne on all recycled paperboard grades sold in the Company's Italian region. The price change is effective with shipments on or after June 6th, 2016.

"This price increase is in response to rising raw material costs which have occurred and are now at the point where we need to pass this onto the market," said Phil Woolley, Director - Paper Europe.  "We are also experiencing this effect in a number of other European countries and expect further announcements to follow if this trend continues," he added.

Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe, including the Company's largest European uncoated recycled paperboard mill in Cirie, Italy.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Sonoco Products Company