Sonoco raises costs to recover expenses
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.
