Sonoco Increases Prices for All Uncoated Recycled Paperboard
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Sonoco, Hartsville, S.C., USA, will raise the price for all grades of uncoated recycled paperboard (URB) products by $40 per ton. The increase becomes effective with shipments in the U.S. and Canada beginning July 8.
"Unfortunately, the price increase is necessary to recover rising recovered paper and other raw materials costs," said Marty Pignone, VP, Primary Materials Group, North America. "The posted price for old corrugated containers (OCC) in the Southeast U.S. has risen approximately 60% since September 2012 and OCC being sold in the market today is running above the posted price of $120 per ton. In addition, demand for all grades for URB products is strong."
Sonoco is one of the largest producers of uncoated recycled paperboard in the U.S. and Canada, producing more than 1 million tons annually from 13 mills.
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