Sonoco ThermoSafe, a unit of
Sonoco Products Co.
), has launched the new Certis Silver Universal CRT (controlled
room temperature) shipper series to ensure thermal protection for
pharmaceuticals, biologics, vaccines and other high-value
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The demand for CRT shipping solutions has soared due to increased
global regulations in the shipments of pharmaceuticals and other
high-value biologics to comply with temperature control norms,
entailing each product's labeled storage requirements.
Sonoco ThermoSafe's relentless focus on regulatory compliance to
storage temperature limits has resulted in the invention of this
design-qualified shipper series.
The newly launched expanded polystyrene (EPS) insulated
containers ensure controlled room temperature protection for
pharmaceuticals and other high-value biologics for up to four
days. Regardless of the season, Sonoco ThermoSafe's CRT shippers
can hold a 14 liter payload for 72 hours and an 11 liter payload
for 96 hours.
S.C.-based Sonoco Products, which is a global manufacturer of
consumer and industrial packaging products along with
Graphic Packaging Holding Company
AEP Industries Inc.
), posted fourth-quarter 2012 adjusted earnings of 56 cents per
share compared with 46 cents in the year-ago quarter.
Net sales increased 4% year over year to a record $1.176 billion
in the reported quarter. The improvement was attributable to
incremental revenues of $46 million from the Tegrant acquisition
and higher volumes, especially from Display and Packaging and
Paper and Industrial Converted Products segments.
Sonoco Products expects first-quarter 2013 earnings per share to
lie in the range of 50 to 54 cents per share. It guided full year
earnings in the range of $2.26 to $2.34 per share.
Organic sales growth, geographic expansion and strategic
acquisitions remain growth drivers for Sonoco Products. However,
volatile raw material prices and uncertainty among its customers,
given the slow recovery in the U.S and ongoing European weakness,
and higher pension costs pose hindrance to the company's growth.
Sonoco Products currently retains a short-term Zacks Rank #3