Sonoco Implementing Price Increase for All Rigid Paper Containers

Sonoco, Hartsville, S.C., USA, this week announced it is implementing a 4% price increase for all composite cans and corresponding metal ends in the U.S. and Canada, effective with shipments beginning Aug. 1, 2018.  

"Sonoco’s global sourcing power and commitment to supply security have allowed us to effectively mitigate historic inflationary pressures," said Robin Gordon, division VP of sales for Sonoco’s U.S. and Canada composite cans and metal ends. "However, the recent trade announcements assigning tariffs on the steel and aluminum supply, along with strong regional demand, have placed unprecedented stress on our suppliers’ feedstocks and corresponding input costs. While we will continue to monitor the domestic and global sourcing landscape to find ways to mitigate inflation, we do need to recover our current cost exposure. We will continue to work with our suppliers to ensure supply security and find ways to bring input costs down over the coming months."

Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the company has 21,000 employees working in more than 300 operations in 33 countries, serving some of the world’s best known brands in some 85 nations. For more information, visit the Sonoco web site.