Sunoco, Inc. (NYSE:SUN) announced today that its annual United Way campaign had raised $1,786,000 for the United Way of Southeastern Pennsylvania (UWSEPA). The pledges were made by employees, retirees, and the company, according to Charles K. Valutas, Senior Vice President of Sunoco.
The total donation represents an increase of 5.3 percent over the amount raised in 2006.
The robust 2007 campaign was led by employees of Sunoco’s Frankford plant, who increased their giving by 17 percent, and by company retirees, whose pledges were up by 18 percent, according to Valutas.
“Leadership giving was also very strong in 2007,” said Jose Cabrera, Vice President and Co-chair for Leadership Giving. “Our total of more than $628,000 represented an increase of 7.8 percent over the previous year.” Leadership giving is defined as donations of $1,000 or more.
“The company will increase its commitment to the Neighborhood Assistance Program, which will bring the grand total of Sunoco’s donation to more than $2 million,” added Valutas.
“UWSEPA, under the leadership of President and CEO Alba Martinez, has identified targeted areas of need in the surrounding community where Sunoco’s contributions will back programs aimed at achieving measurable results,” Valutas said. “All Sunoco employees should feel very good about the significant and long-lasting impact their generous donations will have on the community.”
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 910,000 barrels per day of refining capacity, nearly 4,700 retail sites selling gasoline and convenience items, approximately 5,500 miles of crude oil and refined product owned and operated pipelines and 38 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco's cokemaking facilities in the United States have the capacity to manufacture over 2.5 million tons annually of high-quality metallurgical-grade coke for use in the steel industry. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year cokemaking facility in Vitória, Brazil. For additional information, visit Sunoco’s website at www.SunocoInc.com