Sonoco Increases Paperboard, Industrial Converted Products Prices

Sonoco, Hartsville, S.C., USA, also reported this week that it will increase prices for all uncoated recycled paperboard grades in the U.S. and Canada by $50 per ton, effective with shipments on February 1. In addition, the company announced that it will increase prices on all paperboard industrial converted products in the U.S. and Canada by 4.5% effective with shipments on February 15. Harris DeLoach, chairman, president, and CEO, noted that "the recent nearly 40% increase in the cost of recovered paper, our primary raw material, is unprecedented and a clear reflection of increased demand by recycled mills in the U.S. and Canada and by Asian export markets." Prices announced recently for OCC in the Southeast U.S. increased in January from $80 per ton to $110 per ton.

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