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Sonoco Initiates Review of Strategic Alternatives for Thermoformed & Flexibles Packaging Business
Article
1 min read

Sonoco Initiates Review of Strategic Alternatives for Thermoformed & Flexibles Packaging Business

Sonoco Products Company announced that it has initiated a review of strategic alternatives for the company's Thermoformed & Flexible Packaging ("TFP") business, a part of the company's Consumer Packaging segment. Exploring alternatives for the TFP business is expected to accelerate Sonoco's portfolio simplification strategy, improve pro forma leverage and further increase shareholder value.

North American/European Containerboard Capacity Declines
Article
6 min read

North American/European Containerboard Capacity Declines

Containerboard capacity growth has shifted dramatically from the 2020-2021 boom to 2022 slowdowns in North America and Europe, driven by declining consumer spending, energy crises, and reduced e-commerce demand. Operations managers and industry leaders face critical decisions as operating rates hit 2008 levels, with recovery not expected until 2024. Key market drivers include sustainability initiatives, microflute technology adoption, and virgin fiber production alignment with green transition goals. Strategic considerations for capacity investments, fiber availability challenges in Asia, and economic uncertainty create both risks and opportunities for containerboard producers navigating this volatile market landscape.

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