Sonoco Inaugurates New State-of-the-Art Office for Hyderabad Performance Hub, Marks Major Milestone in Global Growth

Company to Establish Finance Center of Excellence as India Becomes Strategic Pillar in Global Transformation

Hyderabad, November 18: Sonoco Products Company (NYSE: SON), a global leader in sustainable packaging solutions, has inaugurated its new permanent office for the Sonoco Performance Hub in Hyderabad, marking a significant step in its global digital transformation journey. The move follows the February 2025 launch of the company’s state-of-the-art IT Performance Hub and reflects Sonoco’s expanding long-term commitment to India.

The Performance Hub has grown rapidly, with over 145 technology professionals now supporting Sonoco’s global operations. The Hyderabad team leads critical work across digital transformation, analytics, automation, and next-generation technology innovation—driving operational excellence and enhanced value for customers worldwide.

Alongside the new facility, Sonoco announced plans to establish a Finance Center of Excellence (CoE) in Hyderabad, further strengthening India’s role in the company’s global operating model.

“Our continued investment in Hyderabad reflects both the success of our Performance Hub and the incredible talent we’ve found here. Moving to a permanent facility marks an important step in our global transformation journey,” said Howard Coker, President and CEO, Sonoco. “As we expand our capabilities to include a Finance Center of Excellence, we deepen our commitment to building world-class teams that drive long-term value for our customers and communities.”

Rajeev Ankireddypalli, Vice President and Chief Information Officer, Sonoco, said the new facility strengthens collaboration and innovation: “Hyderabad has proven to be an outstanding base for our global technology operations. The new permanent facility provides an environment that fosters learning, innovation, and cross-functional integration.”

Aditya Gandhi, Vice President and Chief Accounting Officer, added, “The Finance Center of Excellence will allow us to leverage Hyderabad’s strong finance talent and deploy technology-driven solutions for everyday finance needs. This strengthens Sonoco’s global business services footprint and supports our growth and transformation journey.”

Arvind Chittora, Managing Director, Sonoco Performance Hub, highlighted the rapid expansion of the India team: “In just eight months, we’ve built a diverse team of over 145 professionals shaping Sonoco’s digital and technology future. The permanent facility symbolizes our long-term commitment to India and to our people.”

India’s Growing Strategic Role in Sonoco’s Global Vision

Sonoco’s continued investments underscore India’s position as a key strategic partner in global operations. The Hyderabad Hub is expanding partnerships with academic institutions, developing workforce initiatives, and nurturing next-generation talent—aligned with Sonoco’s purpose of “Better Packaging. Better Life.”

Future Outlook

With deeper technology, digital, and finance capabilities being built in Hyderabad, Sonoco is positioning the India operations as a cornerstone of its global performance and innovation strategy. The transition to a permanent office and the upcoming Finance CoE are expected to create sustained value and long-term capabilities for customers worldwide.

About Sonoco

Founded in 1899, Sonoco (NYSE: SON) is a global provider of packaging products with net sales of approximately $6.8 billion in 2023. The company operates more than 300 facilities and employs around 22,000 people worldwide. Guided by its purpose, Better Packaging. Better Life., Sonoco is committed to sustainability and innovation. The company ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies for 2022 and has been included in Barron’s 100 Most Sustainable Companies for four consecutive years.
More at sonoco.com.