HARTSVILLE, S.C., Nov. 10 /PRNewswire-FirstCall/ -- Sonoco (NYSE: SON),
the global packaging company, will close its Brantford, Ontario, Canada, tube
and core plant by the fourth quarter of 2007, it was announced today by Jack
Sanders, senior vice president. The Company's paper mill and corporate offices
in Brantford will not be affected by this closure.
The planned closing is part of Sonoco's previously announced plans to
reduce its cost structure which will include approximately 12 plant closings
globally, principally in its international operations. Sonoco's tube and core
plant at Brantford currently has 44 employees. Several current employees are
expected to be transferred to other existing operations. Sonoco will offer
outplacement services to all other employees.
"Closing a facility is always difficult because of the obvious impact on
employees. However, such actions are necessary to ensure that the Company can
remain a low-cost competitor. Sonoco has adequate capacity to absorb the
volume from the Brantford plant, and the closing will not adversely impact the
Company's capability to serve its markets and customers," said Sanders.
Sonoco, founded in 1899, is a $3.5 billion global manufacturer of consumer
and industrial packaging products and provider of packaging services, with
more than 300 operations in 35 countries serving customers in some 85 nations.
Additional information about Sonoco is available at http://www.sonoco.com.
SOURCE Sonoco
CONTACT: Allan V. Cecil, Vice President, Sonoco, +1-843-383-7524, or
allan.cecil@sonoco.com
Web site: http://www.sonoco.com
(SON)