Company type | Public |
---|---|
NYSE: SON S&P 400 Component | |
Industry | Packaging |
Founded | 1899 |
Founder | Major James Lide Coker |
Headquarters | , United States |
Key people | Howard Coker (CEO) |
Revenue | US$5.237 Billion (Fiscal Year Ended December 31, 2020) [1] |
US$255.592 Million (Fiscal Year Ended December 31, 2020) [1] | |
US$207.241 Million (Fiscal Year Ended December 31, 2020) [1] | |
Total assets | US$5.277 Billion (Fiscal Year Ended December 31, 2020) [1] |
Total equity | US$1.910 Billion (Fiscal Year Ended December 31, 2020) [1] |
Number of employees | 21,000 [2] (2017) |
Website | www |
Sonoco Products Company is an American provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services and the world's largest producer of composite cans, tubes, and cores. The company was founded in 1889 with annualized net sales of approximately $7.3 billion. Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations. [3] The company is headquartered in Hartsville, South Carolina, and is South Carolina's largest corporation in terms of sales. [4]
Sonoco is a member of the New York Stock Exchange Century Index and the S&P 400.
Sonoco is the world's largest producer of tubes, cores, and fiber concrete columns under the brand name Sonotube concrete forms [5] and a leading manufacturer of blow-molded plastic containers, consumer and industrial thermoformed plastic packaging, engineered molded and extruded plastic products, rigid paperboard containers, and convenience closures.
Sonoco's operations consist of its consumer packaging businesses, including Global Rigid Paper and Closures, Global Flexibles, and Global Plastics; its Global Services division, which provides high-impact retail displays and packaging supply chain management; its Industrial Converted Products businesses, which manufacture tubes and cores and reels for the wire and cable industry, produces uncoated recycled paperboard globally for Sonoco's fiber-based packaging divisions and external converters, and includes Sonoco Recycling, one of the world's largest recyclers; and its Protective Packaging division, which produces highly engineered, custom-designed protective, temperature-assurance, and retail security packaging.
In September 2023, it was announced Sonoco has completed the acquisition of the US packaging company RTS Packaging from its holding company, WestRock for $330 million. [6]
Sonoco was named the top global packaging company for sustainability and corporate responsibility in the 2011 and 2012 the Dow Jones Sustainability World Index. The firm also received Sustainable Asset Management (SAM) Gold Class Awards in SAM's Sustainability Yearbook in 2011, 2012, and 2013, was named one of the Top 100 Corporate Citizens by Corporate Responsibility Magazine in 2011 and 2012, and has been listed among the United States's 500 largest publicly traded companies in Newsweek magazine's "Green Rankings" for three consecutive years.[ citation needed ]
Sonoco Recycling annually collects approximately 3 million tons of old corrugated containers, various grades of paper, metals and plastics. The company also provides recycling programs for many large consumer product companies in the U.S. .
The ASTM International Resin Identification Coding System, often abbreviated RIC, is a set of symbols appearing on plastic products that identify the plastic resin out of which the product is made. It was developed in 1988 by the Society of the Plastics Industry in the United States, but since 2008 it has been administered by ASTM International, an international standards organization.
Smurfit-Stone Container Corporation was a global paperboard and paper-based packaging company based in Creve Coeur, Missouri, and Chicago, Illinois, with approximately 21,000 employees. In 2007, Smurfit-Stone was ranked 13 in PricewaterhouseCoopers' "Top 100" forest, paper, and packaging companies in the world as ranked by sales revenue. The company was also among the world's largest paper recyclers.
Amcor plc is a global packaging company. It develops and produces flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical-device, home and personal-care, and other products.
A plastic bag, poly bag, or pouch is a type of container made of thin, flexible, plastic film, nonwoven fabric, or plastic textile. Plastic bags are used for containing and transporting goods such as foods, produce, powders, ice, magazines, chemicals, and waste. It is a common form of packaging.
RockTenn was an American paper and packaging manufacturer based in Norcross, Georgia. In 2015, it merged with MeadWestvaco to form the WestRock company.
Berry Global Group, Inc. is a Fortune 500 global manufacturer and marketer of plastic packaging products. Headquartered in Evansville, Indiana, it has over 265+ facilities across the globe and more than 46,000+ employees With $14+ billion in revenues in fiscal year 2022, the company is one of the largest Indiana headquartered company in Fortune Magazine’s ranking. The company changed its name from Berry Plastics to Berry Global in 2017.
Charles Westfield Coker is the former president and CEO of Sonoco Products Company of Hartsville, South Carolina, United States. He also served as a director of Bank of America, Sara Lee Corporation, HanesBrands Inc., Springs Industries, and Carolina Power & Light Company, and as chairman of the board of Hollings Cancer Center at the Medical University of South Carolina. Along with being initiated into the South Carolina Business Hall of Fame, Coker has been granted South Carolina's highest philanthropic honor, the Order of the Palmetto.
Molded pulp or molded fiber is a packaging material, that is typically made from recycled paperboard and/or newsprint. It is used for protective packaging or for food service trays and beverage carriers. Other typical uses are end caps, trays, plates, bowls and clamshell containers.
A plastic bottle is a bottle constructed from high-density or low density plastic. Plastic bottles are typically used to store liquids such as water, soft drinks, motor oil, cooking oil, medicine, shampoo, milk, and ink. The size ranges from very small bottles to large carboys. Consumer blow molded containers often have integral handles or are shaped to facilitate grasping.
WestRock is an American corrugated packaging company. It was formed in July 2015 after the merger of MeadWestvaco and RockTenn. WestRock is the 2nd largest American packaging company. It is one of the world's largest paper and packaging companies with US$21.3 billion in annual revenue and more than 50,000 team members in more than 300 locations in 30 countries around the world. The company is headquartered in Sandy Springs, Georgia, consolidating offices from Norcross, Georgia and Richmond, Virginia.
The Bemis Manufacturing Company is an American manufacturing company based in Sheboygan Falls, Wisconsin, and is best known for its toilet seat products. Bemis also manufactures plastic lawn, commercial, and indoor furniture, suction canisters, sharps containers, fluid management systems, gas caps, gauges and various contracted extrusion and injection molded plastic parts for companies such as John Deere and Whirlpool Corporation. The company is a pioneer of co-injection molding, a process in which virgin resin is injected with scrap plastic.
Sustainable packaging is the development and use of packaging which results in improved sustainability. This involves increased use of life cycle inventory (LCI) and life cycle assessment (LCA) to help guide the use of packaging which reduces the environmental impact and ecological footprint. It includes a look at the whole of the supply chain: from basic function, to marketing, and then through to end of life (LCA) and rebirth. Additionally, an eco-cost to value ratio can be useful The goals are to improve the long term viability and quality of life for humans and the longevity of natural ecosystems. Sustainable packaging must meet the functional and economic needs of the present without compromising the ability of future generations to meet their own needs. Sustainability is not necessarily an end state but is a continuing process of improvement.
Disposable food packaging comprises disposable products often found in fast-food restaurants, take-out restaurants and catering establishments. Typical products are foam food containers, plates, bowls, cups, utensils, doilies and tray papers. These products can be made from a number of materials including plastics, paper, bioresins, wood and bamboo.
Plastics are a wide range of synthetic or semi-synthetic materials that use polymers as a main ingredient. Their plasticity makes it possible for plastics to be moulded, extruded or pressed into solid objects of various shapes. This adaptability, plus a wide range of other properties, such as being lightweight, durable, flexible, and inexpensive to produce, has led to its widespread use. Plastics typically are made through human industrial systems. Most modern plastics are derived from fossil fuel-based chemicals like natural gas or petroleum; however, recent industrial methods use variants made from renewable materials, such as corn or cotton derivatives.
Ecologic Brands Inc. is a United States company that specializes in creating eco-friendly packaging solutions for consumer products. The products are made from sustainable materials and are designed to be recyclable or compostable. The company also provides branding and marketing services to help companies promote their environmentally conscious products.
Cardboard is a generic term for heavy paper-based products. The construction can range from a thick paper known as paperboard to corrugated fiberboard which is made of multiple plies of material. Natural cardboards can range from grey to light brown in color, depending on the specific product; dyes, pigments, printing, and coatings are available.
UFP Technologies, Inc., founded in 1963 and based in Newburyport, Massachusetts, is a designer and custom manufacturer of medical devices, sterile packaging, and other products.
Plastic containers are containers made exclusively or partially of plastic. Plastic containers are ubiquitous either as single-use or reuseable/durable plastic cups, plastic bottles, plastic bags, foam food containers, Tupperware, plastic tubes, clamshells, cosmetic containers, up to intermediate bulk containers and various types of containers made of corrugated plastic. The entire packaging industry heavily depends on plastic containers or containers with some plastic content, besides paperboard and other materials. Food storage nowadays relies mainly on plastic food storage containers.
Packaging waste, the part of the waste that consists of packaging and packaging material, is a major part of the total global waste, and the major part of the packaging waste consists of single-use plastic food packaging, a hallmark of throwaway culture. Notable examples for which the need for regulation was recognized early, are "containers of liquids for human consumption", i.e. plastic bottles and the like. In Europe, the Germans top the list of packaging waste producers with more than 220 kilos of packaging per capita.
Closed Loop Box Reuse, is the process by which boxes or other containers are reused many times. It is a form of reusable packaging.