AMERIPEN, the American Institute for Packaging and the Environment, has launched the new Power of Packaging website. This interactive, complimentary online platform serves as a broader, public audience to complement the organization’s industry advocacy. It does so by addressing all stakeholders across the entire packaging value chain — including consumers. Content includes real-world examples and insights from across the packaging value chain. The website aims to expand public understanding of the value of packaging.  Visit the Power of Packaging website at https://powerofpackaging.org/ to see how these features advance AMERIPEN’s — and the packaging industry’s — progress in resolving critical challenges.

Highlights - Three Months Ended September 30, 2020 • GAAP earnings per share (EPS) of 12.6 cents per share, up 207%; • Adjusted EPS of 15.8 cents per share, up 20% in constant currency terms; • Adjusted EBIT of $358 million, up 9% in constant currency terms; • Bemis acquisition synergies of $20 million delivered in Q1. $100 million delivered on a transaction to date basis; • Quarterly dividend increased to 11.75 cents per share; • $150 million share buy-back announced today, funded by divestment proceeds; and • Fiscal 2021 outlook for adjusted EPS growth raised to 7-12% in constant currency terms (previously 5-10%).

Sonoco announced that its Prepared and Specialty Foods Segment will raise prices for CPET (crystallized polyethylene terephthalate) and PP (polypropylene) thermoformed plastic trays and bowls by 8 percent. The increases will be applied individually, and depending on product category, effective for shipments beginning on February 22, 2021. “These price adjustments are critical to manage continued increases in cost across our business. Thus far, we have offset much of these increased input costs via manufacturing productivity initiatives and supply chain optimization activities, but with continued inflation, we must now pass this cost on to our customers,” said Rolfe Olsen, Segment Vice President – Prepared & Specialty Foods at Sonoco.