sonoco

Sonoco takes over Ahlstrom's JV interest

Sonoco and Ahlstrom have reached an agreement under which Sonoco will acquire Ahlstrom's 35.5 percent interest in Sonoco-Alcore—a joint venture formed in 2004 when the two companies combined their European tube, core and coreboard operations. The transaction... Asia Food Journal
Packaging

Sonoco expands recycling operations

Sonoco has begun an expansion and renovation of its US-based Charlotte Sonoco Recycling Center to process larger volumes of recycled materials. Senior VP of Sonoco Recycling Jim Bowen says the company is investing approximately $2 million to expand... Asia Food Journal
Packaging

Sonoco announces further cost reduction measures

Sonoco says it expects base earnings for the fourth quarter and full year of 2008 to be $0.48 to $0.52 per diluted share and $2.23 to $2.27 per diluted share, respectively. The company had previously projected base earnings for the fourth quarter... Asia Food Journal
Packaging

Sonoco introduces peelable membrane closure

Sonoco has launched its UltraPeel retort membrane end, a robust, peelable membrane closure designed specifically for heat-and-eat food applications. Said to be the first such closure manufactured in the Americas, UltraPeel retort membrane end is a... Asia Food Journal
Packaging

Sonoco to pay out quarterly dividend

Sonoco's board of directors declared a regular quarterly dividend of $0.24 per share. The packaging company says the 327th consecutive quarterly dividend will be payable 9 March 2007, to shareholders of record as of 23 February 2007. Asia Food Journal
Packaging

Sonoco-Alcore raises core and tube prices

Sonoco-Alcore is increasing paper-based core and tube prices by eight percent, effective 19 February 2007, across all its European operations (the UK; Western, Central and Eastern Europe; and the Nordic region.) "This increase reflects higher production... Asia Food Journal
Packaging

Sonoco to acquire Clear Pack

Sonoco is looking to expand its rigid plastic-container operations with an agreement to acquire Clear Pack Company, a privately held vertically integrated manufacturer of thermoformed and extruded plastic materials and containers. Terms of the transaction... Asia Food Journal
Packaging

Sonoco CEO urges changes to industry at Pack Expo

Sonoco chairman, president and CEO Harris E. DeLoach Jr, during his keynote address at Pack Expo International 2006. DeLoach offered a number of "stalking horse" suggestions on how the packaging industry might better add value and help avoid "being... Asia Food Journal
Packaging

Sonoco declares quarterly dividend

Sonoco's board of directors has declared a regular quarterly dividend of $0.24 per share. The provider of packaging services say this 326th consecutive quarterly dividend will be payable 8 December 2006, to shareholders of record as of November 17, 2... Asia Food Journal
Packaging

Trident and Keating businesses merge into one unit

Sonoco is combining its Trident and Keating businesses into a single operating unit within its flexible packaging division. Trident, which employs about 250 people and has been a part of Sonoco for 13 years, offers customers pre-press services that... Asia Food Journal
Packaging

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