Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after July 26, 2021. “This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material which remains in very tight supply. Additionally, we continue to experience significant inflationary pressures in adhesives, packaging and logistics costs,” said Mike Thompson, Director of Sales and Marketing for Sonoco’s North America Tubes and Cores Division.
heinzelsales (Wilfried Heinzel AG), the sales network of Heinzel Group, today announces the acquisition of Firgos (Malaysia) Sdn. Bhd., a paperboard trading company based in Kuala Lumpur, Malaysia. With a team of eleven employees and a representative office in Ho Chi Minh City, Vietnam, Firgos Malaysia offers paper and board products from suppliers around the world to customers across Southeast Asia.
heinzelsales has taken over the company from Mayr-Melnhof Cartonboard International GmbH, a subsidiary of Austrian paperboard producer Mayr-Melnhof Karton AG. Mayr-Melnhof will continue serving Southeast Asian customers through Firgos Malaysia. “For our trading business this acquisition is an important strategic step into the growth markets of Southeast Asia,” says Sebastian Heinzel, CEO of heinzelsales, “Firgos Malaysia will become our regional trading hub.” heinzelsales will start supporting its new subsidiary with sourcing activities immediately. “Thanks to our unique relationships with paper and board producers all around the world, we can bring new products to the customers of Firgos Malaysia,” says Moncef Reisner, COO of heinzelsales. “We have a solid team on the ground and a strong product portfolio.”