Sonoco Renews Price Increase for Paperboard Tubes and Cores
Sonoco (NYSE:SON) today announced it is renewing its previously announced April price increase for all paperboard tubes and cores in the United States and Canada.
“The yield on our previously announced April price increase has not been sufficient to cover rising costs, in particular rising prices for uncoated recycled paperboard (URB), our primary raw material,” said James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores division. “As a result, it is necessary for us to go back to the market to recover those costs.”
Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries. For more information about Sonoco’s complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Company’s website or contact the Company at +800-377-2692.