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Sonoco Products Company announced a $40 million investment over two years to modernize and expand its Richmond, VA paperboard mill, increasing annual production capacity by approximately 9,000 tons. Construction is expected to begin in early 2027, with completion by the end of 2028.
“This investment demonstrates our commitment to strengthening Sonoco’s paperboard system through targeted, high-return projects that enhance efficiency, improve product performance and positions us to meet growing customer demand.”investor.sonoco.com
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