August Spencer
(123rf.com Image)
Hartsville, South Carolina-based Sonoco Products Company (NYSE: SON), a value-added sustainable packaging company, announce a $30 million capital investment to expand its production capacity in the growing adhesives and sealants (A&S) market.
Officials said the strategic initiative will add 100 million additional units of annual capacity, ensuring Sonoco continues to meet increasing market demands while enhancing supply security.
The investment includes both the enhancement of existing production lines and the installation of new lines, reinforcing Sonoco’s commitment to innovation and customer satisfaction, the officials said.
“At Sonoco, we are committed to investing in the latest technology and production efficiencies to support the evolving needs of our customers,” said Elizabeth Rhue, vice president and general manager of Rigid Paper Containers North America at Sonoco.
Rhue added, “This investment strengthens our ability to deliver high-quality products while reinforcing our position as a trusted partner in the adhesives and sealants market.”
Officials said that to further ensure the security of supply, Sonoco will distribute its expanded production capacity across three strategically located facilities. This geographic diversity enhances supply chain resilience and provides customers with more reliable access to essential materials, the officials said.
“Their decision to grow here underscores the strength of our regional economy and reinforces the importance of supporting businesses that help diversify our economy. This investment not only benefits our community today but helps position Orange County for a more prosperous future, attracting companies that support our region and our people,” said Orange County Mayor Jerry L. Demings.
Comments
No comments on this item Please log in to comment by clicking here