Sonoco Implementing Price Increase for Paperboard Tubes and Cores

Sonoco (NYSE:SON) today announced it is implementing price increases for all paperboard tubes and cores in the United States and Canada by a minimum of 8 percent.

Sonoco previously announced a 6 percent to 8 percent price increase on all paperboard tubes and cores in October 2016 and the Company is revising the increase to a minimum of 8 percent, effective with shipments beginning February 13, 2017.

“This price adjustment is necessary to recover continuing cost increases in uncoated recycled paperboard, our primary raw material, combined with higher costs for energy, labor and other input costs,” said James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores Division.
http://phx.corporate-ir.net/phoenix.zhtml?c=82014&p=irol-newsArticle&ID=2237360

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