Sonoco Hikes Uncoated Recycled Paperboard Prices
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Sonoco, Hartsville, S.C., USA, will increase prices for all uncoated recycled paperboard grades in the U.S. and Canada by $30 per ton, effective with shipments beginning November 29. In addition, the company announced that it will increase prices on all paperboard tubes and cores in the U.S. and Canada by 5%, also effective with shipments beginning November 29.
"Prices for old corrugated containers in the Southeast have increased by one-third in the past three months, which is unprecedented during what is normally the highest material generation time of the year," said Harris DeLoach, Sonoco chairman, president, and CEO. "Strong domestic and export demand is causing an imbalance in the supply of recovered paper, which is our primary raw material. It is essential that we begin recovering these higher input costs."
The November 29 price increase for the company's uncoated recycled paperboard grades is in addition to a $35 per ton increase which went into effect on October 11.
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