Sonoco
 | |
| Company type | Public (NYSE) |
|---|---|
| Industry | Packaging |
| Founded | 1899 |
| Founder | Major James Lide Coker |
| Headquarters | Hartsville, South Carolina , United States |
Key people | Harris E. DeLoach, Jr. chairman and chief executive officer M. Jack Sanders president and chief operating officer |
| Revenue | $4.8 billion (USD) |
Number of employees | 19,900 |
| Website | http://www.sonoco.com/ |
Founded in 1899, Sonoco Products Company (NYSE: SON) is a global provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services. 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. With annualized net sales of approximately $4.8 billion, the Company has 19,900 employees working in more than 347 operations in 34 countries, serving some of the world's best known brands in some 85 nations.[1] Sonoco is headquarted in Hartsville, South Carolina, and is the largest corporation in South Carolina in terms of sales.[2]
Sonoco is an industry leader in corporate sustainability and responsibility.[3] The Company has been included in the Dow Jones Sustainability World Index in 2009, 2010, 2011, and 2012. In 2011 and 2012, the Dow Jones index named Sonoco the top global packaging company for sustainability/corporate responsibility. Sonoco also received SAM (Sustainable Asset Management) Gold Class Awards in SAM's Sustainability Yearbook in 2011, 2012, and 2013, was named one of 2011 and 2012's Top 100 Corporate Citizens by Corporate Responsibility Magazine, and has been listed in the United States's 500 largest publicly traded companies in Newsweek magazine's "Green Rankings" for three consecutive years.[4]
Sonoco is a member of the New York Stock Exchange Century Index and, in Forture Magazine's 2013 World's Most Admired Companies, was ranked first in financial soundness in the packaging and container sector.[5] Sonoco has paid 350 consecutive common stock dividends to its shareholders over more than 87 years. In 2012, the Company increased its dividend for the 30th consecutive year. Sonoco has been recognized four consecutive times as one of North America's Top Companies for Leaders.[6]
Operations
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 solutions.
Sustainability
A recycling leader with 50 locations and expertise worldwide, 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 which identify waste reduction opportunities that reduce operating expenses for many of the largest consumer product companies in the U.S. In 2011, Sonoco launched its Sustainability Star Award program to recognize its customers and its own facilities that achieve significant milestones in waste stream reduction through recycling and other landfill mitigation efforts.
Notable 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., current chairman and chief executive officer.
- M. Jack Sanders, current president and chief operating officer.
Stock market indices
References
- ^ http://finance.yahoo.com/q/pr?s=SON
- ^ http://www.carolinalive.com/news/story.aspx?id=722495
- ^ http://phx.corporate-ir.net/phoenix.zhtml?c=82014&p=irol-irhome
- ^ http://greenrankings.newsweek.com/ Newsweek's 100 Greenest Large American Companies
- ^ http://money.cnn.com/magazines/fortune/mostadmired/2011/snapshots/544.html
- ^ http://investor.sonoco.com/phoenix.zhtml?c=82014&p=irol-newsArticle&ID=1628348&highlight=
External links
- Sonoco Products Company Official site.
- [1] Forbes bio.
- [2] Yahoo finance bio.
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