Sonoco invests $25M to expand wood reels manufacturing capacity

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Go back to Sonoco invests $25M to expand wood reels manufacturing capacity

Sonoco Expands Wood Reels Manufacturing and Assembly Capacity to Meet Growing Market Demand

July 30, 2026 4:45 PM EDT

HARTSVILLE, S.C., July 30, 2026 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON), a global leader in high-value sustainable metal and paper packaging, today announced continued investment to expand its Wood Reels manufacturing and assembly footprint to meet a surge in demand for power and communications cable packaging driven by AI data center growth and power grid modernization.

Since 2024 (including planned 2026 expenditure), Sonoco has invested just over $25 million to expand Wood Reels manufacturing and assembly capabilities. Those investments have grown the Companys manufacturing capacity and footprint by more than 30% across... More