|
|
 |
|
 |
|
|
|
|
 |
|
|
 |
 |
|
|
 |
 |
|
|
 |
|
|
|
|
Home >>> About Us
|
|
| |
| Sonoco Timeline 1991 – 2000 |
1991
- Sales were $1.7 billion and net income was $9.5 million.
- Began implementing global strategies in all operations.
- Adopted Customer Satisfaction Through Excellence initiative.
1992
- Opened Sonoco Asia headquarters in Singapore.
- Purchased the Trent Valley Paper Mill in Trent Valley, Ontario, Canada.
- Personal injury rate at an all-time low of 1.09 per 100 employees.
- Purchased the OPV Group, a large producer of tubes and cores in Germany.
1993
- Purchased Crellin Holding Inc. with plants in the United States and the Netherlands.
- Sold plastic bag manufacturing operations in Telford, England, and Gadstrup, Denmark, to British Polythene Industries, Plc. of London.
- Board of Directors appointed Leo Benatar, 63, chairman and chief executive officer to Engraph.
- Trent Hill named finance vice president reporting to Tom Coxe.
- Closed the East Greenville, Pa., U.S., composite can plant.
- Announced closing of the Tacoma, Wa., U.S., plant, effective, Jan. 1.
- Trademark issued for SOFTUCK®, a paper shipping cone.
- Trademark issued for RCB® (stylized) for plastic bags made using recycled resins.
- Announced signing of a definitive merger agreement that Sonoco will acquire Engraph.
- Peter C. Browning joined as executive vice president.
- All domestic operations became smoke-free Aug. 1
- Sonoco stock split two-for-one.
- Opened an industrial products plant in Hickory, N.C., U.S.
- Sold Packaging Tapes of United Kingdom to Portals Limited Plc.
- Acquired a composite can plant in Col. Anahuac, Mexico.
- Issued a trademark for EnviroMate/RCB® (stylized).
- Introduced CE55, a protective packaging made from molded pulp.
1994
- Began a production facility in Murfreesboro, Tenn., U.S., to serve Pillsbury.
- Opened its 3rd Sonopost® packaging forms plant in Nashville, Tenn., USA.
- Russell King, Jr., president and COO, retired after 37 years with Sonoco.
- Purchased Harland & Son Limited, a label producer in Hull, England.
- Engraph obtained 100% ownership of the Ramallo, Escribano and Company partnership.
- Hartsville Corrugating Department achieved a world safety record for a paper mill operation by completing three years without a recordable injury.
- Introduced Aegis-ECF™ cushion packaging.
- Maurice Richardson promoted to president and COO of Engraph.
1995
- Listed on the New York Stock Exchange (NYSE) under the stock symbol "SON."
- Completed the purchase of the Edinburgh, Ind., U.S., flexible packaging plant.
- Incorporated Sonoco do Brazil, operating in San Paulo and Curitiba in Brazil.
- 5% stock dividend declared for all shareholders.
- Purchased the Pontcharra manufacturing location of Sofratube located near Grenoble, France.
- Sonoco Engraph purchased Cricket Converters, Inc.
- Acquired 25% ownership stake in Demolli Industria Cartaria SRL, Italy.
1996
- Began consumer and industrial packaging operations in Indonesia through Sonoco Asia, and investment partners, P.T. Istethmar.
- Launched Sonoco Internet site (http://www.sonoco.com); Created internal web site (SONOnet).
- Acquired Hamilton Hybar, Inc.
- Closed Laval, Quebec, Canada, fibre partitions plant.
- Acquired Specialty Packaging Group, Inc. of Wausau, Wis., U.S.
- Leo Benatar, chairman and chief executive officer to Engraph, retired from Sonoco and the board of directors.
- Granted trademark for Labelsaver®, a fibre partition used to protect products in their shipping containers.
1997
- Issued trademark for Timesaver 2000®, a paperboard package.
- Annual Report became available on line (www.sonoco.com).
- Purchased Corepak LTD in Sittingbourne, England.
- Formed a joint venture with For-Plas for Sonoco For-Plas headquartered in Araras, Brazil. Sonoco owns 51%, For-Plas, 49%.
- Acquired a 50% interest in Enstel Manufacturing in Ontario, Canada.
- Introduced the first cushioned plastic core for film, tape and other products that require tightly wrapped packages.
- Opened textile tube manufacturing operation in Yadkinville, N.C., U.S.
- Increased recovered paper prices, primarily OCC, $50 per ton.
- Signed a long-term agreement with Pillsbury to supply 100% of its composite cans at their Denison, Texas, U.S.; New Albany, Ind, U.S.; and Midland, Ontario, Canada, plants.
- Selected by Pillsbury to be its preferred technology packaging development supplier for current ad future refrigerated baked goods needs.
- Purchased Industrial Machine Company of St. Louis, Mo., U.S.
- Completed joint venture with the Rock-Tenn Company to fibre partitions.
- Purchased all outstanding shares of Fibre Resource Recovery Corp., giving Sonoco 100% ownership.
- Announced a new IPD precut/outsourcing facility in Keyser, W. Va., U.S., to begin in 1998.
- Repurchased $150 million of the company's common stock.
1998
- Sold the label and carton business.
- Sold industrial container business to Grief Bros.
- Announced agreement to sell North American Labels business.
- Announced the purchase of Burk, a German plastics firm.
- Acquired tube converting operations and paper mill of LaRochette group in France.
- Board named Peter Browning to succeed Charlie Coker as CEO.
- Purchased remaining 50% interest of Cascades/Sonoco.
- Hamilton Hybar sold.
1999
-
C.D. Spangler, Jr. elected to Sonoco's board.
-
Acquired Wood Composites Technology, a composite reel manufacturer.
-
Completed sell of Harlands Labels and Label Machinery business in the U.K.
-
Celebrated Centennial in May.
-
Announced purchase of Crown Cork and Seal's Composite Can.
-
Announced new composite can plant in Delicias, Chihuahua, Mexico.
-
Purchased Flexible Packaging Division of Graphics Packaging Corporation.
-
Completed purchase of Crown Cork and Seal's Composite Can business.
-
Completed purchase of Flexible Packaging Division of Graphic Packaging Corporation.
2000
-
Harris E. DeLoach, Jr. named Sonoco's Chief Operating Officer.
-
Closed Woodyard and Crosstie Operations in Hartsville, S.C., U.S.
-
Consolidated Yadkinville tube plant operations into plant at Elon College, N.C., U.S.
-
Peter C. Browning resigned as President & CEO; Harris E. DeLoach, Jr., named as successor.
-
Sonoco awarded $150 million contract from Nestle, for flexible packaging business.
-
Purchased Amcor's Australian Composite Can Operations.
-
Closed Spokane, Wash., U.S., tube plant.
-
Sold Capseals Business to ITW Limited of Slough, England.
|
|
| |
|
|
|