Sonoco

Founded in 1899, Sonoco Products Company (NYSE: SON) is a United States-based international 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. With annualized net sales of approximately $4.9 billion, Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations.[2] The company is headquartered in Hartsville, South Carolina, and is South Carolina's largest corporation in terms of sales.[3]

Not to be confused with Sunoco, a petroleum products company.
Sonoco Products Company
TypePublic
NYSE: SON
S&P 400 Component
IndustryPackaging
Founded1899
FounderMajor James Lide Coker
Headquarters
Hartsville, South Carolina
,
United States
Key people
Howard Coker (CEO)
Revenue$5 billion (USD)
Number of employees
21,000[1] (2017)
Websitewww.sonoco.com

In Fortune Magazine's 2013 World's Most Admired Companies, Sonoco ranked first in financial soundness in the packaging and container sector.[4] Sonoco is a member of the New York Stock Exchange Century Index and the S&P 400.

Operations

Sonoco is the world's largest producer of composite cans, tubes, and cores 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.

Sustainability

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.[5]

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. .

Administration employees
  • Major James Lide Coker founded the Southern Novelty Company in 1899, which became Sonoco in 1923.
  • Charles W. Coker, President 1970–1990, CEO 1970-1998, and chairman 1976–2005.
  • Harris E. DeLoach Jr., Executive Chairman of the board, and former CEO previous to M. Jack Sanders.
  • M. Jack Sanders, President and Chief Executive Officer 2013-2018.
  • Rob C. Tiede, President and Chief Executive Officer; 2018-2020.
  • R. Howard Coker, President and Chief Executive Officer; Elected 2020.

References
  1. "Sonoco Products". Fortune. Retrieved 2019-01-08.
  2. "SON Profile - Sonoco Products Company Stock - Yahoo Finance". finance.yahoo.com.
  3. Spechko, Victoria (22 February 2012). "Sonoco honored as SC's largest corporation in terms of sales". WPDE.
  4. "Sonoco Products". World's Most Admired Companies 2011 - FORTUNE on CNNMoney.com.
  5. "Sonoco case study". 2020-05-10. Retrieved 2009-10-15. DSR

Further reading
  • Doubles, Malcolm C (2005). A century plus: a history of Sonoco Products Company. Hartsville, S.C.: Coker College Press. ISBN 0970364415.
  • Paul Kepos (ed.). "Sonoco Products Company". International Directory of Company Histories. VIII. Detroit, Mich.: St. James Press. pp. 475–477.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.