Sonoco is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899, the company operates more than 335 locations in 35 countries, serving customers in a range of industries including consumer packaging, protective packaging, industrial paper, foodservice and flexible packaging.
The company has grown from a small paper and cotton mill to a Fortune 500 diversified global packaging provider. At its Hartsville facility, Sonoco produces composite paper tubes and cores, hardwood and softwood shipping containers, corrugated containers, open ended paper cans and point of purchase displays.
How many Sonoco locations are there?
Sonoco currently has over 300 locations in 36 countries around the world. In the United States alone, the company operates more than 200 locations. These include 200 manufacturing plants, 29 consumer packaging facilities, 5 research and development centers, 9 paper mills, and 11 service centers.
Other Sonoco locations are located in Canada, Mexico, Colombia, Brazil, Argentina, China, India, Japan, South Korea, Qatar, Saudi Arabia, Turkey, Lebanon, UAE, Germany, Netherlands, UK, France, Italy, Spain, Hungary, Romania, Poland, Portugal, Lithuania, Latvia, Estonia, Russia, Australia, and New Zealand.
Who is the CEO of Sonoco?
The current CEO of Sonoco is Roberto C. Setubal. He was appointed to this position on October 1, 2016, after a distinguished 30-year career with the company. Prior to becoming CEO, Setubal was appointed to the position of President and Chief Operating Officer, a role he held since May 1, 2011.
He served in several executive roles before being appointed President and Chief Operating Officer. During his tenure, the company has grown to include 19,000 employees who work in more than 300 locations around the globe.
Sonoco specializes in packaging and recycling products, services, and solutions and operates in 34 countries around the world. Setubal has worked hard to ensure that the company continues to innovate and meet changing customer needs.
He has been an active member of the company since his early days with the organization and is committed to leading Sonoco to long-term growth and success.
Who are Sonoco’s competitors?
Sonoco’s competitors include large international companies such as Smurfit Kappa, International Paper, and Georgia-Pacific, as well as smaller regional companies like WestRock and Packaging Corporation of America.
Other competitors include Marathon Capital, Sealed Air, Teufelberger, DS Smith, ProAmpac, Anchor Packaging, and D&W Fine Pack. Sonoco offers a wide range of packaging products and services for industrial, consumer, and protective packaging applications.
The company operates in the United States, Canada, Mexico, and South America, Europe, the Middle East, Africa, and Asia Pacific. Its competitors offer products and services in many of the same product categories, making them direct competitors to Sonoco.
What type of company is Sonoco?
Sonoco is a global provider of consumer packaging, industrial products, protective packaging and packaging supply chain services. Founded in 1899, Sonoco has more than 300 operations in 33 countries and serves customers in 85 countries.
The company manufactures packaging materials, such as paper, plastic, and metal cans, as well as glass and fiber containers, and offers services such as package design and printing. Sonoco is dedicated to providing innovative, personalized packaging solutions to meet the needs of the global consumer.
Their products and services are used in industries such as food and beverage, electronics, cosmetics, pharmaceutical, health and beauty, automotive, general industrial and more. Sonoco is committed to sustainable practices, which includes the use of recycled materials, renewable energy and energy efficient equipment.
Through the company’s recycling and recovery programs, they are able to recycle millions of pounds of paper, cardboard and plastic every year.
Is Sonoco a Fortune 500 company?
Yes, Sonoco is a Fortune 500 company. According to Fortune Magazine, the most recent Fortune 500 list ranks Sonoco at #205 out of 500 total. The company is also listed as #12 out of 50 in Fortune Magazine’s most admired list of Global Packaging companies.
Sonoco has been on the Fortune 500 list since at least 1995 and has remained a mainstay since then. Sonoco has also been listed on the S&P 500 for many years, further cementing its status as a Fortune 500 company.
How long has Sonoco been around?
Sonoco has been around for over 120 years. The company was founded by the Hartsville, South Carolina farmers, John and Sonja Dixon, in 1899. At the time, the company was called the Sonoco Products Company and it specialized in producing paper cones for the cotton industry.
The company quickly began to expand and diversify its product portfolio, introducing new products such as paper tubes and cores, and plastic and protective packaging.
Today, Sonoco is a globally diversified packaging solutions provider with operations in over 35 countries and more than 20,000 employees. Over the years, Sonoco has evolved to become an industry leader with a focus on helping customers develop solutions that make life easier.
The company is now considered a leader in eco-friendly packaging solutions and is committed to creating products that are both sustainable and help protect the environment.
How big is Sonoco?
Sonoco is a global provider of consumer packaging, industrial products, protective solutions, and packaging services. It is a Fortune 500 company with 22,000 employees working in 340 locations across 34 countries.
In 2020, it reported $5. 5 billion in sales and employed 7,000 people in the U. S. alone. Its plants range in size from small, family-run operations to large operations located in major metropolitan areas.
Its global network provides customers with incredible supply chain flexibility, with products being shipped to over 90 countries. Sonoco is one of the largest recyclers of paper and one of the leading providers of recycled materials, with a focus on sustainability and responsible manufacturing.
It offers a wide range of products and services, from printed folding cartons and thermoformed plastics to retail solutions, protective packaging, and bag-in-box packaging. The company also provides its customers with creative problem-solving and innovative ideas.
How many employees does Sonoco have?
Sonoco has approximately 21,000 employees in 340 locations around the world, including the United States, Canada, Mexico, South America, Europe, Australia, and the Far East. The company produces packaging and other products for global consumer and industrial markets, and its operations are divided into Consumer, Industrial, and Protective Solutions divisions.
It serves a variety of industries, including food, beverage, personal care, household, and healthcare. Sonoco is based in Hartsville, South Carolina, and is a member of the Fortune 500.
What is ball metalpack?
Ball Metalpack is an American canning company that was founded in 1910 by Edmund Loyal Ball. It is the largest canning company in the U. S. , with 13 plants located across the country in 7 different states.
Ball Metalpack specializes in the production of metal cans, containers and lids for food and beverage companies. Their packaging solutions can be found in nearly every grocery store and commercial kitchen in the United States.
Ball Metalpack provides a variety of packaging solutions that are designed to keep food and beverages safe, reduce waste, and look great on shelves. They offer a wide range of can sizes, shapes and finishes to suit any product needs.
Ball Metalpack also offers a wide range of decoration options to make their cans look eye-catching and stand out on store shelves. Additionally, they use a special printing process that gives the cans a high-quality appearance.
Ball Metalpack’s commitment to quality and service has earned them numerous awards and they are certified by the Sustainable Packaging Coalition, offering customers the assurance of environmentally friendly packaging solutions.
What is Sonoco Alloyd?
Sonoco Alloyd is a global provider of innovative packaging solutions for the consumer goods, medical, and industrial markets. They are built on service and industry-leading technology for both large and small customers alike.
Their products range from rigid and flexible plastic packaging, to fiber-based packaging, labels, and wraps. Sonoco Alloyd offers a variety of services such as custom molding, injection stretch blow molding, extrusion, multi-color printing and coating, and support for tool-making and prototyping.
They also offer complete project management, engineering and design, and advanced system integration. Their commitment to sustainability is unparalleled, with their products meeting packaging requirements for recyclability and low carbon-footprint.
Who owns Sonoco?
Sonoco (NYSE: SON) is an international supplier of industrial and consumer packaging products and services and has been publicly traded since the early 1900s. Founded in 1899, it is now one of the largest publicly traded companies in the world, with a market capitalization of over $7.
5 billion. Sonoco is headquartered in Hartsville, South Carolina, United States, and has operations in 34 countries, serving customers in 86 countries. The company is majority owned by Sonoco shareholders, with no single shareholder owning a controlling stake.
Most of the company’s shares are held by institutional investors, such as mutual funds and retirement accounts, as well as retail investors. Sonoco also has several large institutional stakeholders, with the largest being Fidelity Management & Research Company, which owns just over 10% of the outstanding shares.
Who is Ulines biggest competitor?
Uline’s biggest competitor is Staples, Inc. Staples, Inc. is an American office supply chain with over 1,500 stores in North America. Staples has grown over the years to become one of the leading office supply companies in the US.
They have a wide range of products ranging from office furniture and equipment to janitorial and break room supplies. Staples also offers a number of services, such as shipping and shipping supplies, printing, and technology services.
In recent years they’ve also begun offering a variety of office essentials, such as file folders, binders, and printers. With a large physical and online presence, Staples has the ability to reach a large customer base and offer competitive pricing in comparison to Uline.
Is Sonoco a good stock to buy?
The decision of whether Sonoco (NYSE: SON) is a good stock to buy depends on a variety of factors. While the company’s current valuation suggests that it is undervalued, it is important to review additional metrics such as financials, fundamentals, and analyst ratings to help inform your investment decision.
Sonoco’s stock has been trading flat since the beginning of 2021, but the company’s fundamentals have been strong. The company reported strong fourth-quarter earnings in 2021, with net sales up 6. 6% year-over-year to $1.
78 billion. This was driven by strong performance in the company’s consumer packaging segment, with ecommerce sales up 26%, while profits rose 15%. Further, Sonoco continues to generate solid free cash flow and has maintained a healthy dividend yield of 4% over the last year.
Analysts are also positive on the company, with 16 out of 18 recommending a “Buy” rating, 1 recommending a “Hold,” and 1 recommending a “Sell. ” Further, the average price target for the stock is $59.
83, which is 8. 7% higher than the current price.
Overall, Sonoco looks like a solid buy at current levels, given its strong fundamentals, healthy dividend yield, and bullish analyst recommendations. Investors should review the company’s financials, performance, and analyst ratings to make an informed decision.
Who owns Sonoco products company?
The Sonoco Products Company is a global manufacturer and supplier of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. It is an American Fortune 500 company founded in 1899 and headquartered in Hartsville, South Carolina.
As of 2020, it is owned by 2,900 active and retired employees, many of whom are shareholders in the company. It is one of the oldest continually operating companies in the United States and currently operates over 300 manufacturing facilities in more than 34 countries throughout North and South America, Europe, Asia, and Australia.
Sonoco also has a joint venture in India (Sonoco India) and a presence in the Middle East and Africa. Sonoco Products Company is committed to providing quality products, excellent service, and a responsible corporate culture.