Sonoco (NYSE:SON), one of the largest diversified global packaging companies, today reported financial results for its first quarter, ending April 1, 2018.
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The Board of Directors of Sonoco declared a $.41 per share quarterly common stock dividend, a 5.1 percent increase from the previous quarterly dividend of $.39 per share. The dividend will be paid on June 8, 2018, to shareholders of record as of May 11, 2018. According to Rob Tiede, president and chief executive officer, this is the 36th consecutive year that Sonoco has grown common stock dividends and the 372nd consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders.
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Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and a leading global provider of temperature assurance packaging, and Cathay Pacific Cargo, one of the world’s largest air cargo carriers, announced a global partnership agreement for the leasing of the PharmaPort 360 temperature controlled bulk shipping container. The agreement enables pharmaceutical shippers to lease PharmaPort 360 containers directly from Cathay Pacific Cargo.
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Sonoco's 2017 Annual Report to Shareholders is now available on the Company's website at investor.sonoco.com. The report, entitled A New Vision Leads to Fresh Thinking, reviews Sonoco's 2017 financial performance and details Sonoco’s entry into new “fresh and natural” markets along the perimeter of the store. Sonoco has mailed the 2017 Annual Report, Form 10-K and proxy statement to its shareholders in advance of its annual meeting, which will be held on Wednesday, April 18.
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Sonoco is helping apple sauce maker Tree Top, of Yakima, Wash., innovate the apple sauce industry by packaging the fruit product in clear packaging – promoting safety, trust and transparency by allowing consumers to view the product before consuming it or serving it to their children.
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Sonoco (NYSE:SON), one of the largest global diversified packaging companies, has been selected for Fortune’s World’s Most Admired Companies in the packaging sector, and named first in its industry. Among industry peers, Sonoco ranked first in nearly every category – including Innovation, Use of Corporate Assets, Social Responsibility, Financial Soundness, Long-term Investment Value, Quality of Products/Services and Global Competitiveness.
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Sonoco's SoftPeel™ membrane is a new closure option for cans that delivers improved cut-finger protection, printable billboarding space, and a more natural look and feel than all-foil options. The membrane is commercial with a leading CPG company, and widely available to new customers.
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Sonoco has awarded a gold-level Sonoco Sustainability Star Award to Interbake Foods of Front Royal, Va., a subsidiary of Weston Foods of Canada, for achieving zero waste to landfill status.
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Sonoco, one of the largest global diversified packaging companies, has announced a new research partnership with Clemson University: the Sonoco FRESH (Food Research Excellence for Safety and Health) initiative will develop new technologies and new forms of packaging to optimize the fresh food lifecycle.
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President and Chief Executive Officer M. Jack Sanders will retire, effective April 2, 2018, following a 30-year career with the Company. Sonoco’s Board of Directors has named Robert C. Tiede, who currently serves as the Company’s Executive Vice President and Chief Operating Officer, as CEO-elect. Tiede will join the board of directors upon Sanders’ retirement.
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Glory Farms vegetables, a McCall Farms brand, has been named a packaging finalist for the 2017 Gama Innovation Awards. The Glory Farms brand of canned premium vegetables changed their packaging earlier this year into a "see-thru" can, a style of packaging unprecedented in the canned food industry. The clear plastic can was developed in partnership with Sonoco Products, a global packaging leader.
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Sonoco has leveraged its world-class RainGuard® technology, previously applied to its Sonotube® forms, to develop a new fiber cartridge for adhesives, caulks and sealants designed to withstand inclement weather on construction sites. The cartridge can be used for traditional adhesives and sealants packaged in fiber cartridges, and is now available for the entire adhesives and sealants market.
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Colourful and convenient packaging for kids’ products catches the consumer’s eye on the shelf, and adds an element of fun to everyday use. Launched in Jumbo Toy stores just before Christmas 2016, Jumbotonic Kid Instant Choco is a chocolate drink powder that combines the high quality of other Gialousis products with playful and attractive packaging that might appeal to children and parents. For the collaboration for the Greek market, Gialousis, a major manufacturer of powdered beverage products, and Jumbo S.A., a leading Hellenic toy retailer, chose rigid paperboard containers from Sonoco Europe.
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Sonoco's Greek customer Gialousis wanted to diversify its customer base in 2015 by launching a new, more premium line of gourmet, aromatic chocolate powdered drinks geared toward retail consumers. Ultimately, Sonoco developed a premium package that won awards for style.
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Sonoco's Mexico City facility was recently awarded Stellar Container by the Mexican Packaging Association. It was selected as ergonomic, easy to open, innovatively portion-controlled and multi-packed, attractive, high-quality and sustainable. To read more about our rigid paper offerings, click below.
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Sonoco has released its 2016-2017 Corporate Responsibility Report. The report, which is available on the Company’s website at www.sonoco.com/sustainability, celebrates Sonoco’s successful projects while reporting on the Company’s significant progress toward long-term sustainability goals.
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We’ve developed an online tool to examine the real Cost of Damage to your business.
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Dole GO Berries!™, which utilizes Sonoco’s packaging, was awarded Best New Packaging as part of the Produce Innovation Awards at United Fresh 2017, an expo dedicated to innovation in produce and fresh foods. The berries are packaged in 3-packs of fun, snack-sized containers that offer snap, rinse and go convenience. The ventilated packaging promotes increased airflow around the berries, aiding cooling and improves freshness, while also making rinsing easy for consumers.
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