Sonoco, a global leader in sustainable packaging solutions, is set to establish its first Global Capability Centre (GCC), named the Sonoco Performance Hub (SPH), in Hyderabad, India. This strategic initiative represents a significant investment in the company’s digital transformation efforts.
Investment and Employment Opportunities
In the initial phase, Sonoco plans to invest up to $10 million in the SPH. Over the next 12 to 18 months, the company aims to recruit approximately 300 engineers, with a longer-term goal of hiring 500 technology professionals within three years.
Location and Operational Timeline
The SPH will be located near the IKEA store in HITEC City, a prominent technology hub in Hyderabad. Operations are expected to commence by May 2025.
Strategic Objectives
Rajeev Ankireddypalli, Vice President and Chief Information Officer at Sonoco, stated that the SPH aims to drive operational excellence through digital services. Initially, the focus will be on technology services centered on process automation and innovation, with plans to expand into other business processes, establishing the SPH as a comprehensive capability center.
About Sonoco
With a history spanning over 125 years, Sonoco is a Fortune 500 company generating annual revenues between $7 billion and $8 billion. The establishment of the SPH in Hyderabad underscores the company’s commitment to leveraging global talent and resources to drive innovation and efficiency in its operations.
This development highlights Hyderabad’s growing prominence as a preferred destination for multinational corporations seeking to establish capability centers, owing to its skilled workforce and robust infrastructure.
This development highlights Hyderabad’s growing prominence as a preferred destination for multinational corporations seeking to establish capability centers, owing to its skilled workforce and robust infrastructure.
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