date:Jul 21, 2012
The Paper and Industrial Converted Products, Packaging Services and Consumer Services division sales all fell year-on-year for the period ending 1 July.
Sonoco said normal seasonality, lower volumes, negative mix and the disposition of Brazilian plastics operations and closure of a Canadian flexible packaging plant contributed to the negative numbers.
Net income slipped to $51.3m from $53.4m in the period ending 3 July 2011.
Tegrant drives growth
The Protective Packaging segment sales were