HARTSVILLE, S.C., Dec. 4 /PRNewswire-FirstCall/ -- Sonoco (NYSE: SON),
the global packaging company, will close two Chicago, Ill., injection
molded plastics plants, effective January 31, 2007, it was announced today
by Robert L. Puechl, division vice president and general manager, Molded
Plastics.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO )
The planned closing affects two of Sonoco's Chicago facilities located
at 2601 North Pulaski Road and 840 North Western Avenue, and is part of the
Company's previously announced plans to reduce its cost structure,
including the closing of 12 plants globally in 2007. The Chicago injection
molded plastics plants have approximately 50 employees combined and produce
plumbing- related plastic components. Sonoco will offer outplacement
services and severance to all employees affected by the closing.
"It is always difficult to close facilities because of the impact on
employees," said Puechl. "However, this action is necessary because the
markets we serve for plumbing-related plastic equipment and parts are
moving offshore."
About Sonoco
Founded in 1899, Sonoco is a $3.5 billion global manufacturer of
industrial and consumer packaging 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
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO
CONTACT:
Roger Schrum, +1-843-339-6018,
roger.schrum@sonoco.com
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