Huhtamaki completes a sale of real estate in Thane, India

Sonoco has issued its 2021 Annual Report to Shareholders and announced the date for its 2022 Annual General Meeting. The annual report, entitled Better Than Ever details the Company’s 2021 financial results, its strategy and the complementary $1.35 billion acquisition of Ball Metalpack, a leading manufacturer of sustainable tin-plate food and aerosol containers, along with closures and packaging components. “Sonoco’s purpose is Better Packaging. Better Life. This means we are committed to creating sustainable packaging solutions that help build our customers brands, enhance the quality of their products and improve the quality of life for our stakeholders around the world,” Howard Coker, Sonoco President and Chief Executive Officer, wrote to shareholders. “We also believe our value-creation strategy – to be the benchmark company for yield and stability in the packaging industry – will make Sonoco Better than Ever.”

Diversified Labeling Solutions is expanding its Auto ID product offering to include RAIN RFID labels. RFID (Radio Frequency Identification) labels utilize an embedded UHF inlay to transmit data via radio waves to an RFID encoder. They are used in a wide variety of industries including supply chain and distribution, retail, consumer goods and healthcare to increase speed and accuracy of data collection. RAIN RFID is a global alliance promoting the universal adoption of UHF RFID technology. DLS has long been a leading supplier of Auto ID labels, including traditional 1D and 2D barcodes. Adding RAIN RFID labels to their portfolio allows distributors to provide comprehensive Auto ID and smart label solutions to their customers. With access to a huge array of inlays and face sheet materials, DLS can support almost any RFID label construction for stock or custom-printed RFID labels. DLS will also serve as the genuine OEM supplier for TSC Printronix Auto ID labels.

Second Quarter 2020 Summary: *Reported sales and core sales decreased 6% primarily due to the negative effects of COVID-19 on the beauty and beverage markets as well as passing on lower resin costs; negative currency effects were offset by contributions coming from acquisitions *Reported sales growth of 7% and core sales growth of 6% in our Pharma segment was offset by decreases in reported sales and core sales in our Beauty + Home and Food + Beverage segments *Reported net income totaled $42 million (a decrease of 43% compared to the prior year) *Cash flow from operations was $228 million in the first half of 2020 (an increase of 3% compared to the prior year)