02 February 2024
02 February 2024
The focus of the partnership is to create more efficient and cost-effective solutions in the industry.
The company’s sales declined due to lower adjusted EBITDA in its Global Paper and Consumer Packaging segments.
The move will leverage a combination of AeroFlexx's technology and Dynapack Asia's scale within the region.
The sustainability of paper and pulp as a replacement for plastic may not be as straightforward as consumers perceive.
The expansion will address the increasing demand in the medical, pharmaceutical, and consumer health sectors.
The company forecasts adjusted net income per diluted share in the range of $3.55 to $3.75 in FY24.
The divestiture is in line with Sonoco’s strategy to optimise its portfolio and focus on its core businesses.
The company’s net sales also decreased to $18.9bn in FY23 from $21.1bn the previous year.
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