- Sonoco Products
Infobox Company
company_name = Sonoco Products Company
company_
vector_
company_type = Public (NYSE)
genre =
foundation =1899
founder = MajorJames Lide Coker
location_city = Hartsville, South Carolina
location_country = United States
location =
origins =
key_people =Harris E. DeLoach, Jr.
chairman, president and chief executive officer
area_served =
industry = Packaging
products =
revenue = $4.1 billion (USD )
operating_income =
net_income =
num_employees = 18,600
parent =
subsid =
owner =
company_slogan = Changing the Way the World Sees Packaging
homepage = http://www.sonoco.com/
footnotes =Sonoco Products Company (Nyse|SON) is a global supplier of industrial and consumer
packaging and a provider of innovative packaging solutions. It is the United States' third largestpaper producer, and the eighth largest paper producer in the world. Sonoco employs approximately 18,600 people in over 355 locations worldwide, and the company serves clients in over 85 countries. It is a member of theFortune 500 and totaled a net revenue of $4.1 billion in 2007.The company is headquartered in Hartsville,
South Carolina ,U.S.A. . It was formerly known as Southern Novelty Company. The Southern Novelty Company was founded in the late ninteenth century, with Major James Lide Coker as the first president. Its first product was a cone-shaped paper cotton carrier that was used for winding and transporting yarn.Notable employees
*Major
James Lide Coker , founded Carolina Fiber Company, which became Sonoco in 1899
*James Lide Coker Jr. , president from 1900 until 1918
*Charles Westfield Coker , president from 1918 until his death in the fall of 1931
*James Lide Coker III , president from 1932 to 1950
*Charles Westfield Coker, Jr. , president from 1950 until 1970
*Charles W. Coker , president and CEO from 1970 until 1998, chairman from 1998 to 2002
*Harris E. DeLoach, Jr. , current chairman, president and chief executive officertock market indices
*
S&P 400 MidCap Index
*S&P 1500 Composite Index Culture
Campus
Sonoco has a beautiful campus with a cafeteria on site for hourly and salaried workers. A main feature is the Centennial Statue that occupies the center of the parking circle at the main entrance. The statue depicts workers representing the several divisions of the company. The base of this statue slowly rotates so that different figures are presented successively.
Employment
The company has approximately 18,600 employees in over 35 countries.
Benefits
Sonoco provides a highly competitive benefits package including, medical, dental, 401(k), flexible spending accounts, employee assistance program, defined contribution pension plan and vacation.
Sonoco uses Blue Cross Blue Shield and has one of the better arrays of employee healthcare plans in the region. The only downside to Sonoco's healthcare plan is the decision to use
mail order only for maintenance medication which puts a strain on lower income families due to the minimum three month prescription requirement. This decision has also had an impact on the community with several independent pharmacies closing as a result.Fact|date=September 2008Community
References
* [http://finance.yahoo.com/q/pr?s=SON Yahoo! Finance - Sonoco Products]
* [http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=SON&tab=searchtabquotes Forbes Bio - Sonoco]
* [http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/544.html Fortune 500 2008 - Sonoco Products Company]
* [http://money.cnn.com/magazines/fortune/fortune500/snapshots/1245.html CNNmoney.com - Fortune 500 - Sonoco Products Company]
* [http://money.cnn.com/magazines/fortune/fortune_archive/2007/03/19/8402372/index.htm Fortune's List of Industry Stars]External links
* [http://www.sonoco.com/ Sonoco Products Company] Official site.
Wikimedia Foundation. 2010.
