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Sonoco struggles in Q2 but grows in protective packaging
date:Jul 21, 2012
offset by negative mix and higher fixed costs.

The acquisition of Tegrant ensured net sales increased 6.6% to more than $1.2bn.

Segment Loss

Consumer Packaging sales fell $13m to $477m year-on-year due to lower volumes in the global composite can business.

Operating profit increased 6% year-on-year courtesy of productivity improvements and a positive price/cost relationship which more than offset negative volume and mix among other expenses.

However, it decreased $7.3m from Q1 2012 which S

12/21 23:06