Sonoco raises costs to recover expenses

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Sonoco announces prices increase from mid-February
Sonoco announces prices increase from mid-February
Sonoco is to raise the price of paperboard tubes and cores, a week after announcing it will increase the cost of uncoated recycled paperboard.

The firm said the cost of paperboard tubes and cores will go up by 4%, effective with shipments inthe US and Canada from 18 February.

"This price increase is necessary to recover recently announced paperboard price increases and other inflationary inputs impacting our converting cost,"​ said James Harrell, vice president, Tubes and Cores-North America.

The news follows last week’s increase in grades of uncoated recycled paperboard (URB) products by $25 per ton, effective for shipments in the US and Canada beginning on 11 February.

"This price increase is necessary to recover continued inflationary pressure from non-fiber-related costs, including chemicals, energy, freight, repair materials, labor and other expenses​," said Marty Pignone, vice president, Primary Materials Group, North America.

Related topics: Processing & Packaging

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