Paperworks Raises Price of Masterworks CRB, Masterworks URB+ Grades
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PaperWorks Industries Inc. (PWI), Philadelphia, Pa., USA, this week announced price increase of $40 per ton for all MasterWorks grades of coated recycled boxboard, and $25 per ton for MasterWorks URB+ uncoated recycled boxboard. The increases become effective with shipments beginning March 25. The company notes that the increase is necessary to recover escalating costs including raw materials, energy, chemicals, transportation, benefits, and other expenses.
Founded in 2008, PWI is an integrated, full-service packaging provider. It produces specialized folding cartons, serving clients across North America from 10 facilities. Its Paperboard Group produces approximately 300,000 tons of 100% recycled paperboard annually for a variety of end uses and further specializes in the cutting and distribution of all paper types according to specific customer needs. The company has more than 1,600 employees in 17 North American locations, with annual sales exceeding $600 million.
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