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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sonoco Products Company | NYSE:SON | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.31 | 0.55% | 57.11 | 57.44 | 56.75 | 57.24 | 465,812 | 23:14:12 |
HARTSVILLE, S.C., Nov. 28, 2012 /PRNewswire/ -- Sonoco Recycling, LLC, a unit of Sonoco (NYSE: SON), has invested $4 million in its Columbia, S.C., materials recovery facility (MRF), allowing the facility to accept additional types of materials. Because of this, Richland County residents will now be able to recycle more of their household materials such as composite cans, glass, magazines and other types of plastics.
(Logo: http://photos.prnewswire.com/prnh/20120403/CL80773LOGO )
Sonoco Recycling has added three sorting screens for corrugated cardboard and paper sorting, an optical sorter to retrieve plastic, and a new glass crusher that allows the facility to collect whole and broken glass bottles, jugs and jars.
"Sonoco has always prided itself on 'closing the loop,'" said Ray Howard, general manager, Sonoco Recycling. "We use recycled materials in our products, which are then recycled by the consumer and come back to us for processing. With this upgrade, we're now able to recycle even more of the packaging produced by Sonoco, in addition to the other items we collect that aren't produced by us."
Derek Trader, division marketing manager, Global Rigid Paper and Closures, agreed, "Sonoco is one of the largest providers of composite can packaging in the world for products such as coffee or Pringles® potato crisps. The ability to both produce and recycle this item is exciting for us and further demonstrates the Company's commitment to sustainable business practices."
New items accepted:
The facility is still unable to accept tissue paper, paper plates and cups, waxed cardboard, plastic bags and films, containers that have held toxic substances, metal lids on glass or plastic items, glass cups or plates, window glass or ceramics.
A recycling leader with 50 locations and expertise worldwide, Sonoco Recycling annually collects approximately 3 million tons of old corrugated containers, various grades of paper, metals and plastics. In addition, the Company has experts who provide secure, reliable and innovative recycling solutions to residential and commercial customers.
Sonoco Recycling currently operates six material recovery facilities (MRFs) and serves nearly 150 communities in which curbside-collected residential and commercial materials are processed. The Company also provides recycling programs which identify waste reduction opportunities that reduce operating expenses for many of the largest consumer product companies in the U.S.
About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $4.5 billion, the Company has more than 19,600 employees working in over 340 operations in 34 countries, serving many of the world's best known brands in some 85 nations. Sonoco is a proud member of the 2012/2013 Dow Jones Sustainability World Index. For more information on the Company, visit our website at http://www.sonoco.com/.
SOURCE Sonoco
Copyright 2012 PR Newswire
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