NYSE:SONPackaging
Does Sonoco’s AI‑Linked Wood Reels Expansion Shift the Bull Case for Sonoco Products (SON)?
In late July 2026, Sonoco Products Company announced it had invested just over US$25.00 million since 2024 to expand its Wood Reels manufacturing and assembly capacity by more than 30% across its Hartselle, Alabama and Jefferson, Texas sites to serve rising power and communications cable packaging demand tied to AI data centers and grid upgrades.
The Hartselle expansion, which adds roughly 15% nailed wood capacity, 33% more floorspace and upgraded inspection and manufacturing technology,...