Sonoco Targets Consumer Growth Projects

Sanders also updated shareholders on investments the company is making to expand composite cans in emerging markets. For instance, Sonoco is investing $20 million to build and start up a new composite can facility near Kuala Lumpur, Malaysia, to support the growing snack can market in Southeast Asia. Initial production will commence in the second quarter of 2015, with full production expected in early 2016. In addition, the company expects to build a second composite can plant in the south of China later in 2015. This investment will triple Sonoco's capacity to meet local market demand when fully operational in early 2016.