SONOCO PRODUCTS CO.
Company Snapshot
Founded: 1899
Entity Type: Public
Employees: 28,000
Region: U.S.
Revenue: $5,305.4 Millions
Revenue Year: 2024
Headquarter: U.S.
Key Geographics: U.S., Europe, Canada, Asia-Pacific, Other Regions
Corporate Address: 1 North 2nd Street, Hartsville South Carolina 29550 U.S. Tel. +1-843-383-7000 www.sonoco.com
Company Overview
The company is a worldwide supplier of sustainable and highly engineered packaging products. It operates through two key business segments, namely industrial paper packaging and consumer packaging. The consumer packaging segment comprises rigid paper containers, metal packaging, and flex-therm. The company is a leading vertically integrated market player in Uncoated Recycled Paperboard (URB) and converted URB products. It has 160 facilities in 29 nations and produce nearly 2 million metric tonnes of URB on an annual basis, of which 52% was consumed internally in 2023.
Financial Highlights (FY 2024)
Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***
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SONOCO PRODUCTS CO. In News
Company's Business Segments
- Consumer Packaging : This segment includes rigid packaging (paper, metal, and plastic) and flexible packaging, primarily serving the consumer staples market focused on food, beverage, household, and personal products.
- Industrial Paper Packaging : This segment includes goods produced from recycled fiber, including paperboard tubes, cores, cones, and cans; partitions; paper-based protective materials; and uncoated recycled paperboard for high-end applications such as folding cartons, can board, and laminated structures.
- All Other : This segment comprises various packaging materials, including plastic, paper, foam, and other specialty materials.
Applications/End User Industries
- Construction
- Healthcare
- Household
- Textiles
- Electronics & Appliances
- Food & Powdered Beverage
- Personal Care
- Beauty Care
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