Sonoco is implementing price increases of 8 percent or more for all paperboard tubes and cores in the United States and Canada.
Sonoco raised prices on all paperboard tubes and cores by 6 to 8 percent in October 2016. The company is revising the increase to a minimum of 8 percent, effective with shipments beginning Feb. 13.
“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,” James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores Division, said.
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and display and packaging supply chain services.