Sonoco announced it is implementing a price increase for all rigid plastic packaging in the United States and Canada, effective November 5, 2018. Prices will be increased between 6 percent and 10 percent based on the specific resin substrate. “Sonoco’s Supply Management team has adeptly leveraged our global buying presence, enabling us to source the resin we need to serve our customers, while mitigating as much inflation as possible,” said Jeff DiPasquale, division vice president and general manager for Sonoco’s Global Plastics operations. “However, continued resin disruptions, strong regional demand, and increases in other materials and freight are driving prices up throughout the supply chain. While we will continue to monitor the domestic and global sourcing landscape to find ways to temper as much of this inflation as possible, we must recover our current cost exposure. We are confident in our sourcing capabilities and will do everything we can to control these costs as much as possible.”
Sonoco (NYSE:SON), one of the largest diversified packaging companies, has awarded a Sonoco Sustainability Star Award to its Alpha facility in Beavercreek, Ohio, for driving landfill reduction through improved waste stream management.
The Alpha plant implemented a plan to divert from waste streams skiver dust, a byproduct of the paperboard container manufacturing process. Skiver dust is created when cans are cut, similar to sawdust. The plant began diverting this waste to a local solidification partner at the beginning of the year, and has been diverting 40 tons of skiver dust per month from landfills since March 2016.
“The Alpha plant has found a creative way to significantly reduce our waste to landfill at that facility, while also reducing costs to the company,” said Mike Pope, general manager and president, Sonoco Recycling. “Their work is a great example of how to find solutions with multiple benefits to the company and the community – environmental, financial and operational.”
A recycling leader with locations and expertise worldwide, Sonoco Recycling annually collects more than 3 million tons of old corrugated containers, various grades of paper, metals and plastics. In addition, the Company has experts who provide secure, reliable and innovative recycling solutions to residential and commercial customers. Currently, Sonoco Recycling operates four material recovery facilities (MRFs) serving more than 125 communities in which curbside-collected residential as well as commercial materials are processed. The Company also operates recycling programs, which identify waste reduction opportunities that reduce operating expenses for many of the largest consumer product companies in the United States.