Sonoco

Sonoco and ENGIE Announce 140 Megawatt Virtual Power Purchase Agreement – Output from Big Sampson Wind Project will be First Renewable Energy Project for Sonoco

Retrieved on: 
Monday, April 8, 2024
Electricity, ENGIE, Environment, Acceleration, Partnership, VPPA, Wind, Carbon, Sonoco, Renewable energy

HARTSVILLE, S.C., April 08, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America (“ENGIE") today announced that they have entered into a Virtual Power Purchase Agreement (“VPPA”) for production from ENGIE’s Big Sampson Wind Project (“Big Sampson”), a wind power project currently under construction in Crockett County, Texas.

Key Points: 
  • HARTSVILLE, S.C., April 08, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America (“ENGIE") today announced that they have entered into a Virtual Power Purchase Agreement (“VPPA”) for production from ENGIE’s Big Sampson Wind Project (“Big Sampson”), a wind power project currently under construction in Crockett County, Texas.
  • The VPPA is an example of these efforts, with renewable energy credits acquired under the VPPA expected to help reduce Sonoco’s baseline carbon emissions by approximately 14%.
  • Big Sampson is a project of ENGIE, a global leader in the net zero energy transition.
  • “We are honored that Sonoco selected ENGIE to support their first VPPA, reflecting their commitment to the energy transition.

Digital Printing Packaging Market worth $46.2 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, April 5, 2024
Variable, Smurfit Kappa, Growth, Medication, Digital, Health, Printing, Trust, Risk, ACME, Perception, Research, CCL Industries, Sonoco, Constantia Flexibles, Investment, WestRock, Elanders, Paper, Marketing, VDP, Medicine, Amcor, 3D printing

One of the key drivers of the rapid growth of inkjet printing in the packaging industry is its ability to handle short print runs and variable data printing efficiently.

Key Points: 
  • One of the key drivers of the rapid growth of inkjet printing in the packaging industry is its ability to handle short print runs and variable data printing efficiently.
  • Variable data printing (VDP) provides packaging manufacturers with greater flexibility and efficiency in managing inventory and production.
  • The Asia Pacific region is witnessing significant investments in infrastructure and technological advancements, further driving the growth of the digital printing packaging market.
  • Governments and industry players are increasingly investing in modern printing facilities, digital printing equipment, and research and development initiatives to enhance printing capabilities, improve print quality, and reduce production costs, thereby boosting the adoption of digital printing technology in the packaging industry.

Digital Printing Packaging Market worth $46.2 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, April 5, 2024
Variable, Smurfit Kappa, Growth, Medication, Digital, Health, Printing, Trust, Risk, ACME, Perception, Research, CCL Industries, Sonoco, Constantia Flexibles, Investment, WestRock, Elanders, Paper, Marketing, VDP, Medicine, Amcor, 3D printing

One of the key drivers of the rapid growth of inkjet printing in the packaging industry is its ability to handle short print runs and variable data printing efficiently.

Key Points: 
  • One of the key drivers of the rapid growth of inkjet printing in the packaging industry is its ability to handle short print runs and variable data printing efficiently.
  • Variable data printing (VDP) provides packaging manufacturers with greater flexibility and efficiency in managing inventory and production.
  • The Asia Pacific region is witnessing significant investments in infrastructure and technological advancements, further driving the growth of the digital printing packaging market.
  • Governments and industry players are increasingly investing in modern printing facilities, digital printing equipment, and research and development initiatives to enhance printing capabilities, improve print quality, and reduce production costs, thereby boosting the adoption of digital printing technology in the packaging industry.

Protective Packaging Market worth $44.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 13, 2024
Consumer, Sealed Air, Smurfit Kappa, Growth, Application, Chills, Electronics, DS Smith, Sonoco, Atmosphere

Advancements in material science and manufacturing technologies have enhanced the performance and sustainability of flexible packaging solutions.

Key Points: 
  • Advancements in material science and manufacturing technologies have enhanced the performance and sustainability of flexible packaging solutions.
  • As consumer preferences continue to evolve, driven by sustainability concerns and convenience-driven lifestyles, the demand for flexible protective packaging is expected to sustain its rapid growth trajectory, further solidifying its position as a dominant force in the protective packaging market.
  • As a result, there has been a growing demand for protective packaging materials that are recyclable, biodegradable, and environmentally friendly.
  • Governments and regulatory bodies across the region are also implementing initiatives to promote sustainable packaging practices, further driving the adoption of eco-friendly protective packaging solutions.

Protective Packaging Market worth $44.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 13, 2024
Consumer, Sealed Air, Smurfit Kappa, Growth, Application, Chills, Electronics, DS Smith, Sonoco, Atmosphere

Advancements in material science and manufacturing technologies have enhanced the performance and sustainability of flexible packaging solutions.

Key Points: 
  • Advancements in material science and manufacturing technologies have enhanced the performance and sustainability of flexible packaging solutions.
  • As consumer preferences continue to evolve, driven by sustainability concerns and convenience-driven lifestyles, the demand for flexible protective packaging is expected to sustain its rapid growth trajectory, further solidifying its position as a dominant force in the protective packaging market.
  • As a result, there has been a growing demand for protective packaging materials that are recyclable, biodegradable, and environmentally friendly.
  • Governments and regulatory bodies across the region are also implementing initiatives to promote sustainable packaging practices, further driving the adoption of eco-friendly protective packaging solutions.

Water-Based Barrier Coatings Market worth $1.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, February 2, 2024
Growth, Sonoco, Safety, Food, Plastic, Dow Chemical Company, Drink, BASF, Recycling

They also meet stringent regulatory requirements for food contact and safety, making them a trusted choice for industries with strict quality and safety standards.

Key Points: 
  • They also meet stringent regulatory requirements for food contact and safety, making them a trusted choice for industries with strict quality and safety standards.
  • While paper and cardboard are not naturally moisture-resistant, they can be coated with water-based barrier coatings or laminated with films to enhance their barrier properties, making them suitable for a wide range of products.
  • This pro-sustainability regulatory environment encourages businesses to opt for sustainable packaging solutions, including water-based barrier coatings.
  • The key players in the water-based barrier coatings market include Altana Group (Germany), BASF SE (Germany), H.B.

Water-Based Barrier Coatings Market worth $1.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, February 2, 2024
Growth, Sonoco, Safety, Food, Plastic, Dow Chemical Company, Drink, BASF, Recycling

They also meet stringent regulatory requirements for food contact and safety, making them a trusted choice for industries with strict quality and safety standards.

Key Points: 
  • They also meet stringent regulatory requirements for food contact and safety, making them a trusted choice for industries with strict quality and safety standards.
  • While paper and cardboard are not naturally moisture-resistant, they can be coated with water-based barrier coatings or laminated with films to enhance their barrier properties, making them suitable for a wide range of products.
  • This pro-sustainability regulatory environment encourages businesses to opt for sustainable packaging solutions, including water-based barrier coatings.
  • The key players in the water-based barrier coatings market include Altana Group (Germany), BASF SE (Germany), H.B.

Brennan Acquires 244,000 Square Foot Facility with 18 Additional Acres in Plant City, Florida

Retrieved on: 
Tuesday, January 23, 2024
Interstate 4, Gordon Food Service, Sonoco, Foot, Port Tampa Bay, Acquisition, Tampa International Airport, GFS, Interstate Highway System, Orlando International Airport, Growth

PLANT CITY, Fla., Jan. 23, 2024 /PRNewswire/ -- Brennan Investment Group ("Brennan"), a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, has acquired a 243,650 square foot facility with an additional 18 acres of contiguous land from Gordon Food Service ("GFS") located at 1420 Gordon Food Service Dr. Plant City, Florida, in the center of the I-4 Corridor submarket.

Key Points: 
  • PLANT CITY, Fla., Jan. 23, 2024 /PRNewswire/ -- Brennan Investment Group ("Brennan"), a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, has acquired a 243,650 square foot facility with an additional 18 acres of contiguous land from Gordon Food Service ("GFS") located at 1420 Gordon Food Service Dr. Plant City, Florida, in the center of the I-4 Corridor submarket.
  • The existing 243,650 square foot facility is presently leased to Sonoco Products Company ("Sonoco").
  • As an integral part of this initiative, Brennan will undertake construction of a 249,600 square foot expansion on the adjoining 18-acre parcel of land, resulting in a combined square footage of 493,250.
  • The project's location in Plant City, Florida, two miles south of Interstate 4, positions it as a key asset within central Florida's I-4 Corridor.

CAPS Research Announces 2023-24 Executive Advisory Board

Retrieved on: 
Tuesday, December 12, 2023
Vitamix, CAPS, CPSM, Research, Fortune 1000, Organization, Transport, ASU, General Atomics, The Mosaic Company, Plain, Stanley Black, Strategic planning, Procter, ISM, Plains All American Pipeline, Sonoco, Caterpillar Inc., Eaton Corporation, Hess Corporation, Defense, Teradyne, Natural gas, Arizona State University, ExxonMobil, Stanley Black & Decker, Management, Partnership, Forecasting, North Carolina State University, Ryder, Business, CPIM, Procter & Gamble, CAPM

TEMPE, Ariz., Dec. 12, 2023 /PRNewswire/ -- CAPS Research, a supply management applied research center created in collaboration between Arizona State University (ASU) and Institute for Supply Management® (ISM®), has appointed seven new senior supply chain management executives to its Executive Advisory Board for a three-year term to end in August 2026. CAPS advisory members represent the unique blend of expertise between academia, and the supply management profession, as it sits within ISM®, the first and leading not-for-profit supply management association.

Key Points: 
  • TEMPE, Ariz., Dec. 12, 2023 /PRNewswire/ -- CAPS Research, a supply management applied research center created in collaboration between Arizona State University (ASU) and Institute for Supply Management® (ISM®), has appointed seven new senior supply chain management executives to its Executive Advisory Board for a three-year term to end in August 2026.
  • "CAPS has the honor of partnering closely with notable supply chain experts to guide its strategy, and respond to the profession's research needs," said Denis Wolowiecki, executive managing director of CAPS Research.
  • CAPS Executive Advisory Board members are typically chief procurement officers or equivalent at Fortune 1000 CAPS member companies or a notable academic partner.
  • For more information on the CAPS Research Executive Advisory Board, please visit: CAPSResearch.org .

Cox Enterprises Promotes Patrick O'Boyle to SVP of Corporate Development

Retrieved on: 
Friday, December 1, 2023
O'Boyle, Cox Communications, Mannheim, Nyenrode Business University, Cox Enterprises, Trust, Integrity management, University, Auto Trader, Thought, Management, Sonoco

ATLANTA, Dec. 1, 2023 /PRNewswire/ -- Cox Enterprises announced today that Patrick O'Boyle has been promoted to senior vice president of corporate development, effective immediately. In his role, he will lead the execution of acquisitions, strategic investments, joint ventures and divestitures for Cox Enterprises, Cox Automotive and Cox Communications.

Key Points: 
  • ATLANTA, Dec. 1, 2023 /PRNewswire/ -- Cox Enterprises announced today that Patrick O'Boyle has been promoted to senior vice president of corporate development, effective immediately.
  • In his role, he will lead the execution of acquisitions, strategic investments, joint ventures and divestitures for Cox Enterprises, Cox Automotive and Cox Communications.
  • "Patrick has shown time and again his talent for thinking strategically and putting into action opportunities to help Cox grow," said Dallas Clement, president and chief financial officer, Cox Enterprises.
  • O'Boyle joined Cox in 2018 and spent the last five years leading corporate development at Cox Automotive.