HARTSVILLE, S.C., Nov. 15 /PRNewswire-FirstCall/ -- Sonoco (NYSE: SON),
the global packaging company, today announced that it will close its flexible
packaging printing plant in Charlotte, N.C., as part of the Company's
previously announced plans to reduce its cost structure. The plant closing
will be completed by the end of the first quarter of 2006. In addition, the
Company announced that it has entered into an agreement to sell the property
to Harris, Murr & Vermillion, LLC, a Charlotte-based real estate development
firm. Terms of the proposed sale were not disclosed. The property is in an
area that is adjacent to the proposed Charlotte Southeast light rail
development.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO)
The Charlotte operation, located at 2203 Hawkins Street, will be
consolidated into other Sonoco flexible packaging printing facilities in the
region. The plant employs 67 workers and primarily prints flexographic images
on packaging film for confectionery, gum, beverages, cookies, crackers and
salty snacks. Sonoco has operated the plant since 1999. Sonoco will offer
outplacement assistance to employees.
"While it is always difficult to close a facility, we reached this
decision because Sonoco has adequate flexible packaging printing capacity to
absorb the production from the Charlotte facility without impacting our
ability to serve our customers," said Charles W. Coker, Jr., division vice
president and general manager of Flexible Packaging.
Sonoco, founded in 1899, is a global manufacturer of industrial and
consumer products and provider of packaging services, with more than 300
operations in 35 countries serving customers in 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
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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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