Sonoco to Invest $83 Million to Strengthen Uncoated Recycled Paperboard Mill System in U.S. and Canada
Sonoco Products Company (SON)
Last sonoco products company earnings: 4/16 06:45 am
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Source: GlobeNewswire
Hartsville, S.C., Corrugated Medium Machine Converting to URB by Early 2022New Paper Machine to be World’s Largest, Lowest Cost URB ProducerInvestment Expected to Deliver Incremental $24 Million Annualized Cost Savings HARTSVILLE, S.C., April 13, 2020 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced that its Board of Directors has approved an $83 million investment to strengthen its uncoated recycled paperboard (URB) mill system in the United States and Canada. The majority of the investment includes transforming its Hartsville, S.C., corrugated medium machine (No. 10 machine) into a state-of-the-art URB machine with annual production capacity of approximately 180,000 tons. The new Hartsville machine will be designed with the goal of being the largest and lowest cost URB machine in the world, with the capability of producing a wide range of high-value paper grades to service Sonoco’s industrial and consumer converte
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News
- Sonoco Products (NYSE: SON) had its price target raised by analysts at Wells Fargo & Company from $56.00 to $57.00. They now have an "equal weight" rating on the stock.MarketBeat
- Sonoco (SON) Earnings Top Estimates in Q1, Lowers '24 View [Yahoo! Finance]Yahoo! Finance
- Sonoco Products Company (NYSE:SON) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sonoco (SON) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Sonoco Reports First Quarter 2024 Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
SON
Earnings
- 4/30/24 - Beat
SON
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form S-8
- 5/1/24 - Form 10-Q
- SON's page on the SEC website