AI data center growth and power grid modernization drive 30% capacity increase across Alabama and Texas sites.
Sonoco
Converted products also see 7% rise as strong mill utilization and inflation drive costs higher.
Company operates 19 tube and core plants and five paperboard mills across Europe.
Converted paperboard products to increase by 8% as mill utilization and input costs rise.
Sonoco does not intend to appoint a successor to the COO position, and the president of each business unit of the Company will report directly to Howard Coker, President and CEO.
Consumer packaging segment sales and profit more than double, while industrial margins expand to 15% on price recovery and productivity gains.