$12 million R&D Investment Leading to Construction of New IPS Studio
Sonoco is investing $11.9 million to build a new IPS (Innovative Packaging Solutions) research and development studio that will open in the third quarter of 2015 on its Hartsville, S.C., campus. The center will be a state-of-the-art research and development facility that will connect consumer insights to the invention of new consumer packaging.
Sonoco president and CEO Jack Sanders says the IPS Studio will include a Consumer Interaction Studio that will allow live, direct observation of consumers interacting with products and packaging in areas representing retail, kitchen, living and bathroom environments. The facility will also contain collaboration spaces, where experts will interact with the latest technologies to turn ideas into packaging concepts. The concepts will include structural design and manufacturing to access potential for commercialization.