Sonoco Implementing Price Increase for All Uncoated Recycled Paperboard Products

Sonoco (NYSE:SON) today announced it is implementing a $75 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning April 3, 2017.

“The extraordinarily rapid inflation in our input costs, especially for recycled fiber, has made it necessary for Sonoco to seek recovery in the market,” said Palace Stepps, division vice president of sales and marketing for Sonoco’s U.S. and Canada paper and adhesives.

Sonoco is one of the largest integrated manufacturers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills.
http://phx.corporate-ir.net/phoenix.zhtml?c=82014&p=irol-newsArticle&ID=2253171

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