Sonoco Invests $83M In Recycled Paperboard Machine

摘要

Sonoco, a global packaging company headquartered in Hartsville, South Carolina, has announced that its board of directors approved an $83 million investment to strengthen its uncoated recycled paperboard (URB) mill system in the United States and Canada. The majority of the investment includes transforming its Hartsville corrugated medium machine into a URB machine with annual production capacity of about 180,000 tons. The new Hartsville machine will have the capability to produce a wide range of high-value paper grades to service Sonoco's industrial and consumer converted products businesses and external trade customers. Sonoco is a large producer of URB, with 12 mills and 20 machines in the United States and Canada. Sonoco reported that as a result of the Hartsville No. 10 machine conversion, the company will be exiting the corrugated medium market at the end of 2021, and the expected efficiency of the converted machine will give the company the opportunity to rationalize some of the higher cost assets in its mill system.