Sonoco Products Company manufactures and sells industrial and consumer packaging products in the United States, Europe, and Canada. The company provides packaging services, with 336 locations in 34 countries. Segments The company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Consumer Packaging This segment ’s products and services include round composite cans, shaped rigid paperboard containers, fiber caulk/adhesive tubes, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, jars, jugs, cups and trays; printed flexible packaging, rotogravure cylinder engraving, and global brand management. This segment’s markets include snacks, nuts, cookies, crackers, hard-baked goods, desserts, candy, gum, frozen concentrate, powdered and liquid beverages, non-carbonated beverages, ready-to-drink products, powdered infant formula, coffee, refrigerated dough, frozen entrees, processed food, vegetables, fruit, seafood, poultry, soup, pasta, dairy, sauces, dips, fresh-cut produce, pet food, home and personal care, and adhesives. Display and Packaging This segment’s products and services include point-of-purchase displays; custom packaging; retail packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; fulfillment; primary package filling; supply chain management; and paperboard specialties. This segment’s markets include automotive, beverages, candy, electronics, personal care, baby care, food, cosmetics, fragrances, hosiery, office supplies, toys, home and garden, medical, over-the-counter drugs, sporting goods, hospitality industry, and advertising. Paper and Industrial Converted Products This segment’s products and services include recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, linerboard, corrugating medium, specialty grades; paperboard tubes and cores, molded plugs, reels; collection, processing and recycling of old corrugated containers, paper, plastics, metal, glass, and other recyclable materials. This segment’s markets include converted paperboard products, spiral winders, beverage insulators, construction, film, flowable products, metal, paper mills, shipping and storage, tape and label, textiles, wire and cable, municipal, residential, customers’ manufacturing, and distribution facilities. Protective Solutions This segment’s products and services include custom-engineered, paperboard-based and expanded foam protective packaging and components; and temperature-assured packaging. This segment’s markets include consumer electronics, automotive, appliances, medical devices, temperature-sensitive pharmaceuticals and food, heating and air conditioning, office furnishings, fitness equipment, promotional, and palletized distribution. Patents and Trademarks The company’s patents are managed by a Sonoco intellectual capital management team through the company’s subsidiary, Sonoco Development, Inc. (SDI). The company also licenses a few patents from outside companies and universities. A second intellectual capital subsidiary of the company, SPC Resources, Inc., manages the company’s trademarks, service marks, copyrights and Internet domain names. Most of the company’s products are marketed worldwide under trademarks such as Sonoco, SmartSeal, Sonotube, Sealclick, Sonopost and UltraSeal. Its registered Web domain names such as www.sonoco.com and www.sonotube.com provide information about the company, its people and products. Seasonality The Consumer Packaging and Display and Packaging segments report slightly higher sales and operating profits in the second half of the year, when compared with the first half. Research and Development In 2014, the company’s research and development expenses totaled approximately $24.2 million. History Sonoco Products Company is a South Carolina corporation founded in 1899.
sonoco products co (SON:New York)
1 North Second Street
Hartsville, SC 29550
|Avery Dennison Corp||$63.98 USD||+1.70|
|Bemis Co Inc||$47.83 USD||+0.26|
|Domtar Corp||C$43.83 CAD||+1.13|
|Graphic Packaging Holding Co||$11.62 USD||+0.09|
|Silgan Holdings Inc||$50.81 USD||+0.45|
|View Industry Companies|
Sponsored Financial Commentaries
To contact SONOCO PRODUCTS CO, please visit www.sonoco.com. Company data is provided by Capital IQ. Please use this form to report any data issues.