Sonoco Announces Price Increase for Paperboard Tubes and Cores
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Sonoco, Hartsville, S.C., USA, this week announced it will raise the price for all paperboard tubes and cores by 6% to 10%, effective with shipments in the U.S. and Canada, beginning Oct. 24, 2016.
"This price increase, our first in more than a year, is necessary due to the recent increase in costs for uncoated recycled paperboard, our primary raw material, combined with price escalations in energy, labor, and other input costs," said James Harrell, VP for Sonoco’s North America Tubes and Cores Division.
Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries.
