Sonoco Announces Price Increase for Paperboard Tubes and Cores

Sonoco (NYSE:SON) today announced it will raise the price for all paperboard tubes and cores by 6 percent to 10 percent, effective with shipments in the United States and Canada, beginning October 24, 2016.

“This price increase, our first in more than a year, is necessary due to the recent increase in costs for uncoated recycled paperboard, our primary raw material, combined with price escalations in energy, labor and other input costs,” said James Harrell, vice president for Sonoco’s North America Tubes and Cores Division.

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