Sonoco Products Company (NYSE:SON) was founded in 1899, formerly known as Southern Novelty Company, and changed to its current name in 1923. Headquartered in Hartsville, South Carolina, USA, full-time employees 21,000 people, is a company that manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia and Asia.
Sonoco Products Company (SON):
Sonoco Products Company is an international supplier of diversified consumer product packaging, industrial product packaging, and protective packaging and packaging supply chain services based in the United States. It is also the world’s largest manufacturer of composite tanks, tubes and core materials . Sonaco Products has annual sales of approximately US$4.9 billion, has more than 335 companies in 33 countries, has more than 20,000 employees, and serves more than 85 countries. The company is headquartered in Hartsville, South Carolina, and is South Carolina’s largest company by sales.
Among the most admired companies in the world by Fortune Magazine in 2013, Sonoco ranked first in terms of financial soundness in the packaging and container fields. Sonoco is a constituent stock of the New York Stock Exchange Century Index and S&P 400.
Sonaco Products operates through 4 departments:
- Consumer Packaging (Consumer Packaging) – providing a circular composite tanks; rigid cardboard containers; caulks fiber / adhesive tube; aluminum, steel and composite cans and cans; plastic bottles, jars, cups and trays; flexible printed , Gravure cylinder engraving and global brand management services.
- Conversion products and industrial paper (Paper and Industrial Converted Products) – to provide recycled paperboard (using waste paper as raw materials for the production of cardboard, paper tube), particle board, tube sheets, a lightweight core, box board, hanging panel, corrugated materials and Special grade; and cardboard tubes and cores, molded plugs and reels. The department is also involved in the collection, processing and recycling of old containers, paper, plastic, metal, glass and other recyclable materials.
- Display and packaging (Display and Packaging) – to provide point-of-purchase displays; custom packaging products; perform services; primary packaging pourable product; supply chain management; professional paperboard; retail packaging products, comprising a backing card printing, thermoforming Blister and heat sealing equipment.
- Protection Solution (Protective Solutions) – Custom designs, paperboard substrate, and expanded foam protective packaging and assembly; and temperature to ensure packaging products.
Sonaco Products sells its products in various markets, including paper, textile, film, food, chemicals, packaging, construction, wire and cable.