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Sonoco to close up to 15 further plants

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Published in issue 44/2003
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Due to declining earnings Sonoco is to close an additional 10 to 15 plants following group restructuring measures that have already been implemented this year. Sonoco aims at cutting its fixed costs by $11m. In the third quarter the group generated net profits of $13.7m, down from $29.2m last year. Net profits for the ...

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