| Business Summary | | Sonoco
Products
Company
consists
of
two
main
business
segments,
industrial
and
consumer
packaging.
Sonoco's
industrial
packaging
segment
produced
approximately
54%
of
the
Company's
sales
in
2000.
Industrial
products
and
services
include
high-performance
paper,
plastic
and
composite
engineered
carriers;
paperboard;
wood,
metal
and
composite
reels
for
wire
and
cable
packaging;
fiber-based
construction
tubes
and
forms;
custom-designed
protective
packaging;
and
supply
chain
management
capabilities.
Sonoco's
consumer
packaging
segment
accounted
for
approximately
46%
of
the
Company's
2000
sales.
Consumer
products
include
round
and
shaped
composite
cans,
printed
flexible
packaging,
high
density
film
products
and
folding
cartons.
The
consumer
products
business
also
includes
specialty
packaging
and
packaging
services.
The
Company
is
in
the
process
of
restructuring
in
order
to
create
more
synergies
between
businesses
to
leverage
resources
for
greater
cost-effectiveness
and
customer
service. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sonoco
manufactures
high-value
tubes,
cores,
and
cones,
and
provides
packaging
materials
and
services
used
by
a
variety
of
the
world's
industries
in
their
winding
and
converting
processes.
For
the
six
months
ended
7/1/01,
revenues
decreased
6%
to
$1.28
billion.
Net
income
decreased
76%
to
$21.6
million.
Revenues
reflect
lower
unit
volumes
shipped
and
lower
prices
of
recovered
paper.
Earnings
suffered
from
a
$46.3
million
restructuring
charge
and
insurance
adjustments. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Charles Coker, 67 Chairman | $382K | $148K | Harris DeLoach, Jr., 56 Pres,
CEO, Director | 3.3M | -- | Harry Moran, 68 Exec.
VP | 557K | -- | Jim Bowen, 50 Sr.
VP, Global Paper Operations | 452K | 19K | Ronald Holley, 58 Sr.
VP, Global Industrial Products | 505K | 68K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|