SCA to increase Kraftliner price by €50 per tonne

Sonoco announced the start of Robert C. Tiede’s tenure as the new President and CEO of Sonoco. Tiede replaces the retiring Jack Sanders, who served as President and CEO since 2013. Tiede will be the ninth CEO of the 119-year-old company. "It’s humbling, and truly an honor to have the opportunity to lead such a storied company, with a legacy going back more than a century,” said Tiede. “This is an exciting time for Sonoco as we continue to evolve our portfolio and geographic footprint in ways that help us serve our purpose, Better Packaging. Better Life., while delivering value to our shareholders, our customers and our teammates.” Prior to being named CEO, Rob served as Executive Vice President and Chief Operating Officer of Sonoco, with global leadership, sales and operating responsibility for all of the Company’s diversified consumer, industrial and protective packaging businesses. Click Read More below for additional information.

Highlights - Nine Months Ended March 31, 2023 • Net sales of $11,021 million, up 4%; • GAAP Net income of $868 million, up 25%; GAAP diluted earnings per share (EPS) of 58.1 cps, up 27%; • Strong cash returns to shareholders: quarterly dividend of 12.25 cents per share and $200 million of sharerepurchases year-to-date; and

With the rise of e-commerce, many brands are experiencing leakages, costly returns and brand reputation damage when trying to force traditional brick-and-mortar liquid packaging formats through the rigors of the online fulfilment supply chain. Liquibox and WestRock, two leaders in sustainable packaging, present a Ships In Own Container (SIOC) bag-in-box solution for Amazon that delights consumers, reduces waste and ensures products arrive undamaged. The combination of Liquibox's first-to-market recycle-ready Liquipure™ flexible packaging, its wide portfolio of dispensing taps and fitments and WestRock's high impact Meta® box designs, means the most optimal e-commerce liquid format is now within reach for beverage, liquid food and home care brands that want to grow in online retail. Through this partnership, customers have access to a turn-key solution to start selling online in no time that covers everything from packaging, service and testing needs to the filling and mandrel case forming equipment. Bag-in-box is one of the fastest growing segments in the liquid packaging market, expected to reach over 2 billion liters of global volume annually by the year 2024 (source: GlobalData).