Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
HARTSVILLE, S.C., March 03, 2016 -- Sonoco (NYSE:SON), one of the largest global diversified packaging companies, has expanded its fiber certification program into Brazil and Mexico, as of mid-February 2016. Although most of the raw material used in our mills is 100 percent recycled fiber, this certification also requires that Sonoco select suppliers of virgin fiber and virgin fiber components that avoid trading or sourcing raw material that is: a) illegally harvested, b) harvested in violation of traditional and civil rights and c) harvested where global conservation priorities are threatened.
“Fiber certification is a demonstration of Sonoco’s commitment to recycling, healthy forests and responsible resource management,” said Laura Rowell, global sustainable packaging manager.
In Brazil, Sonoco’s paper mill in Londrina and rigid paper converting operation in Araras were both chain-of-custody certified to the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification Schemes (PEFC). In Mexico, its Atizapan paper mill and Mexico City rigid paper converting operation were also chain-of-custody certified to the FSC and PEFC, plus the North American-based Sustainable Forestry Initiative (SFI).
These operations join the company’s 12 previously certified paper mills and four previously certified converting operations located in the U.S., Canada and Europe.
As the leader in high-quality, innovative, value-creating packaging solutions that “Satisfy the Customer,” Sonoco is prepared to help its global brand customers meet their sustainability goals related to deforestation and responsible sourcing. For more information about its sustainability targets and programming, visit www.sonoco.com/sustainability.
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 $5.0 billion, the Company has 21,000 employees working in more than 330 operations in 34 countries, serving some of the world’s best known brands in some 85 nations. Sonoco is a proud member of the 2015/2016 Dow Jones Sustainability World Index. For more information on the Company, visit our website at www.sonoco.com.
Contact: Hilary Culbertson +843/383-7859 [email protected]
