Sonoco Partners with AMP Robotics to Enhance Paper Can Recycling
Sonoco Products Company (SON)
Last sonoco products company earnings: 4/16 06:45 am
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Source: GlobeNewswire
HARTSVILLE, S.C., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) announced today it has partnered with AMP Robotics, a pioneer in AI, robotics and infrastructure for the waste and recycling industry, to create a new material category within AMP’s neural network specific to rigid paperboard cans. The U.S. partnership will result in increased recycling rates for the spiral wound paper canister with steel bottom produced by Sonoco and other manufacturers. The use of recycled steel has a 45% lower environmental impact than producing the equivalent amount from virgin material, reducing the need to mine for virgin iron ore. Additionally, when compared to landfilling, recycling the paper container with steel bottom through the steel or other streams has a greater than 40% lower environmental impact than landfilling. Any materials recovery facility with an?AMP?Cortex™ intelligent robotics system can now accurately and efficiently sort Sonoco’s paper can to the desired stream.??
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- Sonoco Products Company (NYSE:SON) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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