Enron Energy Services, a subsidiary of Enron Corp., and Sonoco announced a six-year, $210 million energy management agreement. Enron's energy management services will provide Sonoco with immediate and substantial electricity savings at more than 150 manufacturing plants and facilities nationwide.
Specifically, Enron will provide or manage the electricity supply to Sonoco's facilities, as well as provide related energy management services, including analysis and consolidation of energy expenditures and assumption of energy price risk.
``Energy is a significant production cost in our manufacturing facilities,'' said Charles Coker, Jr., vice president of Procurement and Logistics for Sonoco. ``We believe this agreement enables Sonoco to not only successfully manage our energy costs, but also enhance productivity, one of our four primary growth drivers.''
Explore the April 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Summa Equity acquires majority stake of Bollegraaf
- PTR adds new inside sales account manager
- Cascade Engineering distributes free carts in Flint, Michigan
- CMRA selects venue for nonferrous recycling event
- Biffa adds C&D recycling firm to its portfolio
- Cliffs lines up funding for Canadian acquisition
- BIR joins plastics life cycle effort
- Black mass analysis in the sights of equipment maker
