HARTSVILLE, S.C., Nov. 10 /PRNewswire-FirstCall/ -- Sonoco (NYSE: SON),
the global packaging company, will close its Brantford, Ontario, Canada,
tube and core plant by the fourth quarter of 2007, it was announced today
by Jack Sanders, senior vice president. The Company's paper mill and
corporate offices in Brantford will not be affected by this closure.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO )
The planned closing is part of Sonoco's previously announced plans to
reduce its cost structure which will include approximately 12 plant
closings globally, principally in its international operations. Sonoco's
tube and core plant at Brantford currently has 44 employees. Several
current employees are expected to be transferred to other existing
operations. Sonoco will offer outplacement services to all other employees.
"Closing a facility is always difficult because of the obvious impact
on employees. However, such actions are necessary to ensure that the
Company can remain a low-cost competitor. Sonoco has adequate capacity to
absorb the volume from the Brantford plant, and the closing will not
adversely impact the Company's capability to serve its markets and
customers," said Sanders.
Sonoco, founded in 1899, is a $3.5 billion global manufacturer of
consumer and industrial packaging products and provider of packaging
services, with more than 300 operations in 35 countries serving customers
in some 85 nations. Additional information about Sonoco is available at
http://www.sonoco.com.
SOURCE Sonoco
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Related links:
http://www.sonoco.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Allan V. Cecil, Vice President, Sonoco,
+1-843-383-7524, or allan.cecil@sonoco.com
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