Sonoco Products (SON) 10-K/A 2004 FY Annual report (amended)

EXHIBIT 12

SONOCO PRODUCTS COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

(Unaudited)	Years Ended December 31,
	2004			2003			2002			2001			2000
EARNINGS
Pretax income - as reported		197,342			108,333			183,106			159,979			258,562
Less: (Gain) or Loss on assets held for sale		—			—			—			—			(5,182	)
Pretax income - adjusted		197,342			108,333			183,106			159,979			253,380
Add: Fixed charges		61,403			66,329			67,128			67,183			76,094
Amortization of capitalized interest		1,868			1,868			2,136			2,403			1,209
Total Earnings		260,613			176,530			252,370			229,565			330,683
Less: Capitalized Interest		(1,535	)		(2,000	)		(1,750	)		(2,085	)		(3,449	)
Adjusted Earnings		259,078			174,530			250,620			227,480			327,234
FIXED CHARGES
Interest expense		47,463			52,399			54,196			52,217			59,604
Capitalized interest		1,535			2,000			1,750			2,085			3,449
Amortization of bond discounts		538			597			615			711			508
Portion of rents representative of the interest factor		11,867			11,333			10,567			12,170			12,533
Total Fixed Charges		61,403			66,329			67,128			67,183			76,094
Ratio of Earnings to Fixed Charges		4.22			2.63			3.73			3.39			4.30