Company operates 19 tube and core plants and five paperboard mills across Europe.
Sonoco
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.